Lucas DeAndrade
Ohio Rookie Next Deal
5 February 2025 | 11 replies
He's glad that his PM covers certain areas of Akron (near University).
Derrick Roland II
Advice Needed – Single Family vs. Multi-Family Investment in Detroit
1 February 2025 | 3 replies
Covering the mortgage isn’t an issue, but I’m considering factors like: Multi-Family: House hacking would help offset costs right away, but I’d likely need to put money into renovations upfront.Single-Family: Easier move-in with no immediate renovations needed, plus potentially lower tenant turnover once I rent it out For those who have been in a similar situation, what did you choose and why?
Evan Glasco
Duplex Deal: Owner Finance to Long-Term Hold
2 February 2025 | 0 replies
To cover renovations, I secured a $60K hard money loan, allowing me to improve the property without a significant initial investment.
Julie Muse
Fast Flip Success on Abbeywood Dr, Decatur, GA!
5 February 2025 | 0 replies
Partner Driven provided 100% of the financing, covering the $77,000 purchase price.
Jemini Leckie
Out of State Cash Flow
29 January 2025 | 11 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
Bruce Rasquinha
SDIRA's as investing tools
23 January 2025 | 5 replies
The rent from this property covers the mortgage.
Abhishek Wahi
Question About Location: Plymouth Michigan
23 January 2025 | 4 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
Matthew Posteraro
Conservative Scaling for House Hacking
29 January 2025 | 10 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
Derick Jennings
New to this
3 February 2025 | 15 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
Julie Muse
Quick Flip Success: Dover Ct Deal Closed in Riverdale, GA!
3 February 2025 | 0 replies
Partner Driven provided 100% of the funding, covering the $160,000 purchase price.