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23 January 2025 | 7 replies
If you ever have any questions regarding this or in general feel free to reach out I enjoy helping and ensuring other BP members avoid lost time and money.
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20 January 2025 | 7 replies
It will just invite the idea of allowing her to include even more pets.
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21 January 2025 | 8 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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2 January 2025 | 0 replies
I have purchased the following books:ABCs of Buying Rental Property The ABCs of Property Management The ABCs of Real Estate Investing The Advanced Guide to Real Estate InvestingThe Book on Investing in Real Estate wit...
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18 January 2025 | 21 replies
I'm new to house flipping and feeling a bit apprehensive about moving forward with my first deal.
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30 January 2025 | 56 replies
Please feel free to reach out if you want to learn more.
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6 February 2025 | 20 replies
I just searched and the cheapest 2bed/1bath I can find in Cedar Rapids is $700 a month without utilities included.
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16 January 2025 | 6 replies
Make sure to analyze cash flow, including conservative estimates for vacancy and maintenance.Indianapolis Market: Indy has solid multifamily options in neighborhoods like Irvington, Fountain Square, and near downtown.
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5 February 2025 | 10 replies
Instead, roll the funds into an IRA or Self-Directed IRA (SDIRA) to keep them tax-deferred and open up flexible investment options, including real estate.
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13 January 2025 | 2 replies
My gut feeling is it's going to cost around $4,000 to repair and has been there for ages.