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14 January 2025 | 10 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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5 January 2025 | 28 replies
There are a couple REIAs in the Tri-State area, but none of them are backed by the power of BP and the incredible people that it tends to attract.
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4 January 2025 | 4 replies
You could easily be $100k in for water/gas/power/sewer if you’re talking 4+ lots.
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16 January 2025 | 21 replies
I would highly recommend talking to Jeff Weller at Coast 2 Coast and Fernando Corona both are also PadSplit hosts but we're some of the first expert lenders .
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12 January 2025 | 6 replies
Also showing almost a 20% CoC return, which in my research I've found to be a highly ideal number for investors.Is there something I could improve on with this report or fix?
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13 January 2025 | 1 reply
Don't put a high list price based on what you want, needs to be based on solds
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30 December 2024 | 6 replies
Think luxury vacation rentals in high-demand areas like San Diego.4.
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11 January 2025 | 9 replies
With a 7% interest rate and high HOA fees, the key is evaluating if your skills and investments can generate higher returns elsewhere.
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14 January 2025 | 3 replies
If you are new to the business the most common issue is you're either locking up deals too high or you aren't finding attractive deals.
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13 January 2025 | 14 replies
I agree with the other posters...25% down seems a bit high.