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10 January 2025 | 23 replies
I'm currently reading "BRRRR" by David Greene and becoming well knowledgeable within BRRRR itself. but I'm also willing to learn hands on and meet new people that I could bring value to but also bring value to myself.
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6 January 2025 | 2 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 | 24 replies
Like most things, the value of your ADU is relative to the area you’re investing in.
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7 January 2025 | 7 replies
Sometimes making a smaller profit and providing value is far better than holding out for a bigger payday on a bad deal, I like that.
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16 January 2025 | 12 replies
Another idea that we have been exploring is using the cash value of whole life insurance funds for emergencies.
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5 January 2025 | 18 replies
I find properties below market value that cash flow.
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7 January 2025 | 16 replies
Throw in that you can dramatically increase the value of the property once you show consistent rent rolls much higher than when the space was used for LTR, and you have a big win.
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10 January 2025 | 2 replies
Alternatively, you would need to drop your rents by $500 or more to have the same impact on your cashflow and your value.
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9 January 2025 | 2 replies
Some, like the last one we got in place, used a drive by estimate of value rather than a full interior appraisal.
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5 January 2025 | 7 replies
How do you value a apartment that will be rented out to primarily section 8 tenants?