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25 October 2024 | 4 replies
The large majority won't be worth it imo.
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25 October 2024 | 23 replies
: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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24 October 2024 | 11 replies
Retail guys get benefits, have offices paid for, have departments they pay for that they don't use, have layers of management than earn on their production.Brokers get access to wholesale channels.
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24 October 2024 | 6 replies
I've made it a habit to track Department of City Planning updates and zoning proposals because they often signal where the next hot areas will be.
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29 October 2024 | 131 replies
The jump from $17 or VIP $57 to that amount is major.
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24 October 2024 | 13 replies
: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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25 October 2024 | 12 replies
https://michiganchronicle.com/2024/01/03/major-developments-that-will-define-detroit-in-2024/Hit me up if you'd like to know more.
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24 October 2024 | 7 replies
Hi @Daniel KulikAccounting is a major piece.
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25 October 2024 | 16 replies
Majority of deals I've done from wholesalers/realtors are deals I offered $30k to $40k under what they wanted.
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22 October 2024 | 3 replies
Even with the new retal income lenders are denying the heloc due to the tax balance despite providing copies of the agreement and letter from the department of revenue which says I am current on the agreement.