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27 January 2025 | 48 replies
This will increase the return above what can be obtained on a passive investment.The flipside of having the power to control everything is that it can be alot of work (and a full-time job if a person is putting in sweat equity).
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15 January 2025 | 13 replies
Just wondering how many folks would really use this that are like I said not really educated on how title and escrow works and I find East coast folks to be highly reliant on closing attornies and have very little knowledge of title and escrow functions..
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21 January 2025 | 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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12 January 2025 | 2 replies
Quote from @Jules Aton: If you are doing high grade laminate that should be good.
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15 January 2025 | 10 replies
Low vacancy rates, rising rents, and high tenant demand for more space/good school districts.
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20 January 2025 | 14 replies
high prices have made properties expensive and high rates have made money expensive.
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19 January 2025 | 46 replies
Taxes are very high and everything is super slow and bureaucratic.
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15 January 2025 | 12 replies
It is much more difficult to sell an entire portfolio that has become uninsurable (which would require a cash only sale) or that insurance rates are so high that no one wants to buy.
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22 January 2025 | 9 replies
Communication is highly important to me as well.
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23 January 2025 | 56 replies
I was relieved to hear you speak highly of his program after reading the posts before yours.