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24 December 2024 | 24 replies
Work with a real estate attorney and CPA to draft an operating agreement outlining ownership, decision-making, and dispute resolution.
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4 January 2025 | 14 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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8 January 2025 | 22 replies
The ARV isn't that high, loan officers were hesitant to own more risk, etc.
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5 January 2025 | 18 replies
Humans are highly influenced by recency bias thus the cash vs equity conversation swings back and forth.
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19 December 2024 | 5 replies
I did ask if I can amend, the OA with a resolution and they said yes?
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17 December 2024 | 12 replies
The Economic Development there is focused on building competitive regional talent, diversifying the regional economy, transforming Montgomery's image and building diverse community capacity.Major economic drivers to the area include Hyundai manufacturing, Maxwell & Gunter Air Force Base, major Amazon distribution, Alabama State Capitol, Alfa Insurance, Kinpak, H2 Pharma, Dollar General transport/logistics, Dow Chemical, and Conner Industries to name a few.
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30 December 2024 | 7 replies
However the thermostat is mounted to the wall a few feet from the front door in a highly accessed retail store where the door is constantly opened.
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30 December 2024 | 0 replies
That kind of net worth can go a long way if you’re trying to make a move.And that’s part of the reason why the share of all-cash buyers recently reached a new high.
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29 December 2024 | 7 replies
I will look for your podcast.That's a great market with a high ceiling, but how's the inventory for finding homes to flip?
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31 December 2024 | 2 replies
Classic disaster which just tells us you bought too high.4.