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15 June 2024 | 87 replies
Of the "three C's of credit", capacity is the most important.
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11 June 2024 | 5 replies
We are/were hoping to put a $60-70k down payment on a higher-end 'A' new build property with Rent to Retirement as I really like their business model/community, rather than a smaller down payment on a refurbished property in a 'C' area.
12 June 2024 | 3 replies
Okay, I'll jump in here.I've done SBA 7(a) loans, one for 1.7mil and another for 2 mil, for two separate commercial properties (gas station c-stores, ground up raze and rebuilds).
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12 June 2024 | 14 replies
As a general rule, each entity that files a separate tax return (partnership, s-corp, c-corp, etc) will need its own QBO subscription.
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12 June 2024 | 10 replies
Investors would classify neighborhoods as A B C D with A usually being VERY safe and B being acceptably safe and C with variety of levels of crime and D would be "don't come unless you are armed".
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12 June 2024 | 6 replies
All depends on the area and goals.In a B-A class where rents are under market and condition is not great, I would prefer vacant, renovate, and rent outlate payments, under renovated, etc are to be expected in C-D class.
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11 June 2024 | 12 replies
Ideally, I'd like to be all-in, including purchase and rehab, for approximately $115K-$130k while adhering to the 75% rule (or close to it) in a C-class or above neighborhood.
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11 June 2024 | 7 replies
Working on the rest.We rank them by Class A, B, C & D.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, we recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Here’s our OPINION for the Metro Detroit market (always verify each area for yourself!)
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11 June 2024 | 30 replies
@Rufino MendiolaRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.
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15 June 2024 | 54 replies
The purpose of the MI videos was to heighten that trust and given C.