Polat Caglayan
Detroit or Cleveland?
17 January 2025 | 27 replies
It's tough to give a definitive answer without knowing your specific investment goals (cash flow, appreciation, etc.) and preferred strategies (BRRRR, wholesaling, etc.).However, since I'm a Cleveland native and active in the real estate market here, I can offer some insights on why Cleveland could be a good fit:Affordability: Compared to many other major metros, Cleveland offers a relatively low barrier to entry.
Ashley Kroft
Getting Started in MTR in El Paso TX
22 January 2025 | 4 replies
I believe furnished finder is the way to go as it seems like the majority are looking on that website.
Lauren Merendino
Pre retirement Strategy
23 January 2025 | 27 replies
This market is growing rapidly, it's a state capitol, and we have two major universities.
Camille Romero
Real Estate Advice Needed
22 January 2025 | 31 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.
Marc Shin
new STR just went live - how do i get reviews?
2 January 2025 | 13 replies
Just use common sense.When you get a request that asks if it is available when a quick look at the calendar or the inquiry show it is available then you should be on the look out.
Conte Cuttino
Leave 100k and rent or Flip for 30k
9 January 2025 | 10 replies
You will be accessing a majority of that equity without having to pay transaction costs.
Nhan Phan
Learn how to find profitable long term rentals
13 January 2025 | 6 replies
Turnkey properties are already renovated and tenant-ready, meaning you can focus on the investment side rather than dealing with major repairs.
Tekoa Glover
Mobile Home Investments
12 January 2025 | 1 reply
Majority of DSCR Lenders do not allow Manufactured homes but do allow for Modular.
Seth Singer
First Property! What’s something you don’t hear discussed often enough?
24 January 2025 | 10 replies
Fortunately, all major capex are in great shape (roof: 5 years, AC: 3 years, siding: 6 years).I just wanted to say a big thank you to the BiggerPockets community!
Felicia Jenkins
House rent or not outside Atlanta
21 January 2025 | 15 replies
There are many STRs that do quite well in the suburbs of major cityies Off the top of my head, I can think of one of the STRs we manage that is 40 mins outside of Dallas and it has a great occupancy rate.