Tove Fox
Nevada, Ohio, Michigan, Pennsylvania Out of State Investing
20 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.
Mike Terry
Help Evaluating a small multifamily
18 January 2025 | 12 replies
- Highly unlikely you'll be able to get separate water meters installed and submeter system probably too expensive for this few of units. - So, that leaves electric & gas.
Ryan Marble
Buying land and building the multifamily residence???
12 January 2025 | 5 replies
I looked into this at more than one occasion, because Milwaukee has such an old housing stock, everything is 60-120 years old.Most of the new apartments we see are 4 and 5 star developments with very high rents, this allows to offset the high cost of construction a little better.
Mario Morales
Choosing between a "traditional agent" versus "Redfin Agent"
16 January 2025 | 1 reply
Also, which choice is better for you highly depends on what your real estate goals are and the experience level & skillset of the specific agent.Traditional agent and Redfin Agent could essentially be the same thing in many cases.
Clifford Pereira
Real Estate Professional (REP) Status guidance
23 January 2025 | 6 replies
Many of my clients are high W2 earners who are taking advantage of the "STR loophole."
Kris L.
Agent Conundrum in Dunedin
23 January 2025 | 2 replies
The first agent is absolutely certain the house will sell in the high 400’s.
Bruce Woodruff
Thoughts on the California fire repercussions
22 January 2025 | 17 replies
I see two high end homes for rent, 50k, 70k, 210k per month..
Caitlyn Drapeau
Best skip tracing services?
18 January 2025 | 15 replies
Find one that can be custom to your needs, has flexible pricing, no long-term, high-cost memberships, and excellent customer services to determine how to best market to your leads.If you would like a referral code or more information please let me know :)
Rami Refaeli
Hello from a Texas Flipper - Excited to Connect!
22 January 2025 | 11 replies
Real estate has been a passion of mine for years, even while working in the high-tech industry.Together with my partners, we’re constantly on the lookout for our next exciting real estate adventure.
Anthony Sigala
Best cash flow market in 2025
23 January 2025 | 2 replies
I've decided that finding "deals" in Arizona is unnecessary as there are other markets that one need not search high and low to find something that can produce a decent cash-on-cash return.