
5 January 2025 | 7 replies
I would definitely factor in some substantial capex/ maintenance and repair costs which could lower your returns.

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.

4 January 2025 | 0 replies
We looked at a couple different options as far as % downpayment and I figured I would refinance in the near future to help the payment get down lower.

7 January 2025 | 13 replies
-the attorneys quoting you $3k are NOT eviction attorneys and are basically charging you as they learn.Move forward with the eviction unless the tenant improves their attitude.

30 December 2024 | 6 replies
Quote from @Brandon Larson: Yea, @Nathan Gesner is that legal to enroll someone in an insurance policy and then charge them for it?

9 January 2025 | 21 replies
aim for a good house, not a cheap house as it will attract lower quality tenants and cost you more in the long run.

3 January 2025 | 7 replies
So the lower the interest rate on the subject to loan, and the higher the prevailing rate, the more chance that a lender will initiate action.

1 January 2025 | 2 replies
What are some other emerging markets maybe with a bit lower to cost to entry for a BRRRR strategy?

6 January 2025 | 10 replies
Loan To Value (LTV) will be lower than it would be as a US citizen.

4 January 2025 | 5 replies
I'd also find out who handles the listings and what they charge to do it.