
12 January 2025 | 185 replies
As @Jay Hinrichs said, it's not something to toy with unless someone really knows, not just thinks they know but really truly holds commanding knowledge, and resources, for all facet's of SubTo.

24 December 2024 | 5 replies
MF with many garages to convert to ADUs, parcel splits, full on development, coop/tic with the resources to handle financing challenges, etc.To raise money in this market as a newby will also be challenging unless you can get it from friends and family.

28 December 2024 | 8 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.

26 December 2024 | 8 replies
There's certainly been an uptick in available properties over the last few years as some owners have grown tired, new construction is booming in new lots and ones that were lost in fires, & investors who bought in 2020-2022 who may've overpaid and weren't properly set up are struggling.

25 December 2024 | 4 replies
Take ownership of your mistake and learn to do the proper due diligence recommended above😊

24 December 2024 | 2 replies
The purpose of the post was to find another resource for property insurance (i.e., agent).

31 December 2024 | 13 replies
Lots of good resources here and knowledge.

24 December 2024 | 2 replies
This deal was financed using Partner Driven’s capital resources, allowing for a seamless and efficient transaction.

24 December 2024 | 1 reply
They can be a great resource for referrals.

23 December 2024 | 10 replies
BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.