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15 January 2025 | 11 replies
Condo's are usually on the cheaper end of cost for appraisal reports, typically not $750 (but if it's a high end condo or in an area with there's some complexity, the fee can reflect that).
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7 January 2025 | 3 replies
From what I read in Bloomberg, delays in high-demand areas have gone up significantly in the past year.
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10 January 2025 | 67 replies
@John McKeeHi John, I can give a brief high level overview.A Delaware Statutory Trust (DST) is a passive investment vehicle that is generally used for real estate investing.
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6 January 2025 | 57 replies
For example, Schwab, massive changes including what I consider bonkers high interest rates.
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13 January 2025 | 31 replies
My W2 works me until the night and doesn't pay me well or high enough.
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29 December 2024 | 5 replies
For costs, if you're an investor, you can probably do a video walk through to get a ballpark estimate on rehab.
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12 January 2025 | 23 replies
The reason for this is the university will likely want to expand & your street could have a high potential of being bought out by the university.
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7 January 2025 | 0 replies
Were revenues as high as you expected them to be?
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4 January 2025 | 9 replies
The only exception I use is when the property is a high-end unit.Informative title makes your property look like a cheap business but it is still way better than common titles like cute, adorable, cozy.If you are charging over 1k per night, I think it is better to give more high-end title like Stay with 30,000 trees, tingle your inner artist with lake front retreatJust my opinion :)
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7 January 2025 | 5 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.