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8 January 2025 | 29 replies
I have not done stats but there is a high failure rate for people who are walking the property every day.
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25 January 2025 | 26 replies
Look at what high interest credit cards you can get rid of, pay down, or move to zero interest promotion cards for say 15 months etc.
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15 January 2025 | 3 replies
Gradually scale by researching high-growth markets, partnering with experienced investors, and exploring financing options like SBA loans.
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21 January 2025 | 14 replies
We don't pay vendors by credit card or cashapp because it is far too hard to keep the accounting straight with a high volume of transactions to do that.
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5 January 2025 | 8 replies
Seacoast has a mix of those, especially in towns with younger populations, think Dover, Newmarket, Somersworth, Sanford, Biddeford.
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21 January 2025 | 14 replies
While you certainly can (subject to the contribution limits), your ability to make deductible contributions to an IRA is limited if your AGI is too high.
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29 January 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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20 January 2025 | 8 replies
Buy low sell high..
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1 January 2025 | 12 replies
Which is why I pay more, for less cash flow in highly desirable areas.In high income areas, rent is a lower proportion of income so therefore your tenants have a higher capacity for paying higher rent because rent is less than 20% or even 10% of their income.
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21 January 2025 | 19 replies
While I don't object to spending money to do one's due diligence, I don't know if $500 is called for when you can get very high quality syndication groups/meetups/information for free.