
3 September 2024 | 7 replies
Of course, as is always the case, a lien will not be divested if the lien holder has not been given proper notice of the sheriff sale - so even a “free and clear” can have an encumbrance when a failure to properly serve notice happens.Hopefully that was sufficiently clear; if not, post more questions and I’ll do my best to offer clarification.

5 September 2024 | 11 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+, 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, 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.

5 September 2024 | 14 replies
For requests of a new fridge if the old one is still working properly I would “put it on the list” of things to be taken care of in the future.

4 September 2024 | 3 replies
I'm going to run some details by you and I'd like all of you who feel you are qualified to advise me so I can learn how to properly analyze these deals and be more cognizant of potential pitfalls/mistakes:So, I found this property off market in a Chicago real estate investment group.

3 September 2024 | 10 replies
So I ended up investing in Detroit proper and built a 12-door rental portfolio.

4 September 2024 | 8 replies
My first housekeeper was defensive when I gave her guest feedback and I later found out was not cleaning properly and using other people's linens in my house.

6 September 2024 | 24 replies
@Wiley Strahan Propertyware is what we use, so they should be able to supply customized reports - if they are properly incentivized:)

3 September 2024 | 9 replies
Don't give up and stay on the hunt!

3 September 2024 | 1 reply
But I don’t know if that’s a good idea because I don’t want tenants messing with a house I plan to eventually live in.Sorry if I didn’t use proper terminology but I’m only on my second book….

3 September 2024 | 0 replies
For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.