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22 January 2025 | 4 replies
If you’re In a title state make proof of utility pay off a condition of closing.
29 January 2025 | 20 replies
Your PM should be making recommendations on updates you could make to get it rented, or recommending to lower the rent.
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26 January 2025 | 32 replies
Although my business partner has been with them since 2021 and learned how to close deals from their education.
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6 February 2025 | 7 replies
Wait until it's close to the end of his lease (know what the law requires) and then give him notice that you will not renew.
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5 February 2025 | 28 replies
The item that I hate shopping for the most is dressers, and nothing else comes remotely close.
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23 January 2025 | 4 replies
How does the middleman (investor) exit out of the sandwich lease option once the investor finds an end buyer to close on the original purchase price between investor and seller?
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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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17 January 2025 | 4 replies
Taxes and requirements should be much lower for a LTR
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25 January 2025 | 4 replies
After one or two weeks close the ad and take it all to the dump, where it probably belongs.
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23 January 2025 | 30 replies
Deals he claimed to have "closed" were not his firm's deals, despite being listed on Next Level Equity's Portfolio page and Justin creating and posting graphics with Next Level Equity's logo the word "CLOSED" and pictures of other people's real estate.