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1 February 2025 | 0 replies
Looking to connect with investors, agents and managers in the area.
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11 February 2025 | 22 replies
Not overpaying and getting great terms 3. multiple bids/ quotes 4. project management.
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31 January 2025 | 3 replies
And will you be utilizing property management firms to help out?
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7 February 2025 | 7 replies
For owner managed properties like this we see expense ratios in the 35%+ range.
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5 February 2025 | 3 replies
Capacity and Tolerance. 1) Capacity: how many people can you comfortably fit in the property, is there room to add more, or add more value to the tenants to increase rent.2) Tolerance: How many people are you comfortable living with, if there are vacancies are you able to handle that.House hacking is an amazing path to homeownership, and a nice low barrier to entry into self managing your properties.
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16 January 2025 | 78 replies
You can't even drive by and look at a tree before you decide if it needs to be trimmed up or cut down.2.)
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17 January 2025 | 9 replies
Meet with financial advisers/wealth managers and see what other options other than real estate there are and how to best allocate / diversify. ie have you maxed out your TFSA?
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29 January 2025 | 18 replies
Especially if you are hiring property management.
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29 January 2025 | 4 replies
If you ever decided to sell the building but keep operating the business, it makes it much easier.
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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.