9 January 2025 | 7 replies
Account Closed said, income and assets are the only "hassle" with a conventional loan.
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22 January 2025 | 1 reply
If you're using traditional financing on your primary residence, they're going to do another credit check on you just before closing.
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24 January 2025 | 6 replies
By negotiating a significant discount, buyers can secure great deals while meeting the seller's urgent need to close the sale.
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11 January 2025 | 6 replies
@Rafael Ramos All your goals contradict each other:(1) Cashflow: buy Class C & D properties2) Appreciation: buy Class A & B properties3) Low Crime: buy Class A & B properties4) Why would you want your investments to lose money to lower your taxes?
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25 January 2025 | 14 replies
If finding a new replacement is more difficult then get your new property under contract first even before your old property closes.
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15 January 2025 | 3 replies
Typically, higher income areas have lower crime, more amenities, better schools.
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22 January 2025 | 31 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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24 January 2025 | 11 replies
Hey Everyone,I’m 20 years old and excited to be closing on my first rental property on 1/31!
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21 January 2025 | 5 replies
Third, if they have $2bn of agreements (whatever that even means) why haven't they actually started building anything or even closed on the land.
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28 January 2025 | 14 replies
Weeks before closing Blue Metrix Group reached out and said they were struggling with the financing for the second park and they asked would we owner finance.