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16 January 2025 | 5 replies
@Nick HulmeMaking improvements to your primary to make it high quality enough to rent above market rents, rent it.
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15 January 2025 | 3 replies
I won't just write them all here but I highly recommend contacting a qualified 1031 intermediary to walk you through the process.
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15 January 2025 | 8 replies
Couple other things to consider, property / school taxes are high, and tenants have lots of rights.
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15 January 2025 | 10 replies
If you rent in a high-crime area, I wouldn't suggest it.
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14 January 2025 | 10 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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12 January 2025 | 6 replies
Also showing almost a 20% CoC return, which in my research I've found to be a highly ideal number for investors.Is there something I could improve on with this report or fix?
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19 January 2025 | 51 replies
I don't have much experience with other platforms but I can assure you RentRedi sets the bar pretty high.
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18 January 2025 | 21 replies
The last thing you want is to have a home run deal that theoretically should be a high-profit flip but is ruined because your contractor screws you over in some form or fashion (late deadlines, inaccurate scope of work, etc.).
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11 January 2025 | 9 replies
With a 7% interest rate and high HOA fees, the key is evaluating if your skills and investments can generate higher returns elsewhere.
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16 January 2025 | 21 replies
I would highly recommend talking to Jeff Weller at Coast 2 Coast and Fernando Corona both are also PadSplit hosts but we're some of the first expert lenders .