Albert Gallucci
How do you detirmine the class of a Property
27 January 2025 | 12 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.
Jeremy Beland
A Hard Lesson Learned from Our 2022 "Scary House" Flip
16 January 2025 | 16 replies
You have to include the cost of your time and the work, especially on a "scary house" is daunting indeed.
Philip Anderson
Investments in ventura
8 January 2025 | 5 replies
I own in the Avenue neighborhood and feel it has the has the strongest prospect for growth.
Joe Sullivan
My Horrible Experience with Ron LeGrand's Financial Freedom
27 January 2025 | 21 replies
I immediately called Financial Freedom they explained that the $200 was for their "pay -site" which includes a free weekly conference call, etc.
Desiree Rejeili
What To Save for When Buying a Home
9 January 2025 | 0 replies
Knowing what to budget for when buying a home may feel intimidating — but it doesn’t have to be.
Martti Eckert
Long Distance BRRRR in Ohio
17 January 2025 | 22 replies
@Martti Eckert in our opinion, you'll need to be really familiar with construction, including costs, or be able to find somoen on the ground you can REALLY trust (but still verify).
Rene Hosman
If you had one question for a professional Syndicator, what would it be??
21 January 2025 | 32 replies
Are there specific tools, presentations, or approaches that help them feel more confident in taking that first step?
Peter Firehock
Multifamily Market Outlook for the Washington D.C. Metro
26 January 2025 | 3 replies
This continued imbalance in housing supply to household formations and population growth.Changing Demographics and PreferencesPeople are also waiting longer to start families (Source), and people are valuing more the flexibility that renting provides in the remote work and online business era as well as the sense of community apartment complexes can provide in our digital and post-pandemic world where people feel less connected to the community than before (Source).
Kirk Roberts
Kissimmee neighborhoods $250-300k
7 January 2025 | 12 replies
I would imagine you are looking for a quieter community, more of a residential feel, closer to Disney but not TOO close to the Rte 192 traffic and craziness.
Darlene S.
Avantstay pros cons for an owner? Short Term Rental
24 January 2025 | 36 replies
I opted to not go with Avantstay because I did not feel that they had much for protection for the owner if things should not go as smoothly.