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25 February 2025 | 3 replies
You still need to maintain a slope of about 1/4:12 and you'll probably be adding horizontal distance by going around the perimeter, so you just need to make sure there's still enough vertical drop to get your desired slope.
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25 February 2025 | 8 replies
Yes we definitely do and you'll probably find a number of us here who could help with that.
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16 February 2025 | 22 replies
.: I'm probably the only one on Bigger Pockets on a Saturday night, but was reading Avery Carl's "Short Term Rental, Long Term Wealth" and my mind is churning as usual.
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24 February 2025 | 6 replies
They take the path of least resistance and always seem to blame their PMC for everything that goes wrong.Recommend you take some time to understand what the above graph represents and why your PMC is probably not the problem.Regarding your two PMC idea - how many water meters are there?
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16 February 2025 | 26 replies
Food for thought: Scranton, PA is just as close or closer that Albany depending on your locale and probably more landlord friendly.
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13 February 2025 | 17 replies
"I knew that you probably didn't realize this was Lorrie Morgan, so can we go ahead and get a refund?"
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14 February 2025 | 12 replies
I think buying points right now is probably a bad idea.
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24 February 2025 | 35 replies
I think there were probably several of them that got up the courage to buy one or a couple of properties.
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12 February 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.
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18 February 2025 | 16 replies
Since I am rehabbing, I am not at that stage yet, but since you have 8 you probably have a lot of experience with Decatur tenants.