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7 February 2025 | 6 replies
hopefully your inspection went well. wish i would have seen your post earlier i would have been happy to help you out with your inspection. but to answer your question, there really isn't anything you need to "ask" your inspector to look for. if he is a good inspector he will know what to look for and what defects are major and should be addressed immediately and which defects are minor.
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22 February 2025 | 109 replies
Which in itself gives me major pause, because these rescue capital loans almost never work out.2.
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12 February 2025 | 43 replies
Some have noted here some of the issues they have had but there maybe anomalies and those experiences may not be the consensus for a majority of their clients so its good to get referrals and hear their point of view as well.
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20 February 2025 | 114 replies
These are almost always going to be balanced off by the majority that take longer and have lower returns.
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12 February 2025 | 22 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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11 February 2025 | 4 replies
These clients typically do not need to use a debt broker (unless the lender specifically requires them to work with one - such as Freddie Mac, Fannie Mae, life company correspondents, debt funds, and certain banks / credit unions). 2.
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29 January 2025 | 16 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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16 February 2025 | 20 replies
You could also sell the lead to another company/person.
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8 February 2025 | 6 replies
On the REIT side - When these investments go underwater, often the sponsor company will freeze or drastically reduce redemptions.
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19 February 2025 | 13 replies
Please stop asking us for "the best" zip codes to invest in.Detroit has around 183 Residential Neighborhoods - wouldn't it be nice if "some proprety mangagement company" Classified them all as A, B, C, or D on an interactive map that real estate investors could use to make better decisions?