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2 January 2025 | 37 replies
I think new investors who post here and take all the feedback as a whole, with a grain of salt, can really put it into play in real life and then discuss with investors at meetups in their area to get over the hump.Yeah, we sure do get the fragile ones don't we...?
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27 December 2024 | 66 replies
(Using house hacking strategy)I would love to receive feedback regarding this region from more experienced investors.
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29 December 2024 | 15 replies
Plus, with $4200+ in monthly income and the option for overtime, you’re in a strong position to manage this responsibly.
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26 December 2024 | 1 reply
Would anyone care to critique an add or 2 that I've created/ if so, please send an email & I will welcome your feedback.
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29 December 2024 | 5 replies
Any of these will leave you in a much better position for success, and provide a greater income while you learn.
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29 December 2024 | 16 replies
Lastly, running an MTR is partially hospitality (like STR), but it is also a sales position (like all commerce).
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26 December 2024 | 3 replies
It sounds like you're in a pretty good position with some nice options.
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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.
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25 December 2024 | 12 replies
Quote from @Lee Ripma: @Andrew SyriosSo much appreciate the feedback!
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27 December 2024 | 4 replies
If you are not going to leave there at all, and you can't do Bill 23 or have any value-add to get to positive cash flow, then NO, don't do it.