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20 January 2025 | 4 replies
He is great with investors and can find deals that cash flow much easier, including some off market stuff.
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28 January 2025 | 1 reply
I do not worry much about "hurried or sloppy work" because it is also in my contract that all work must pass inspection, which may include the city / county (for permitted projects), lender and myself.
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6 February 2025 | 3 replies
I learned so much along the way, including navigating the legal process needed to remove previous owners (squatters) who did not want to leave.
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29 January 2025 | 11 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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30 January 2025 | 4 replies
I own several in Alabama, including one in Bham.
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29 January 2025 | 4 replies
Alternatively, if you’re using QuickBooks Online with a plan that includes the "Payments" feature, you can collect rent directly through QuickBooks while staying on top of your bookkeeping
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29 January 2025 | 3 replies
Some of those included those previously mentioned windows.
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19 January 2025 | 2 replies
I know that interest on the acquisition loan can be included in the cost basis since it’s inventory.
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29 January 2025 | 3 replies
There's a standard syndication that goes out to sites like Zillow, Redfin etc that is included when it is listed in the MLS; hence why people can find properties from across the country.
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27 January 2025 | 10 replies
He included my Last Will and Testament, Living Will, Advanced Healthcare Directive, General Durable Power of Attorney, etc.