
14 June 2024 | 13 replies
$450,000 can buy you an amazing return in the C class suburbs around metro Detroit.

13 June 2024 | 5 replies
I would consider it a working class town and we have seen great rental demand and had great leasing experience there with the roughly 35 properties that we manage.

18 June 2024 | 83 replies
@Cory J Thornton it will continue as the middle class gets poorer and poorer.

13 June 2024 | 2 replies
I'm planning to buy a SFH in Huntsville in the next 2 months so I'm looking to understand more about the area.My goal is to buy in a B/C class neighborhood for a deal that is expected to be cash flow even.

13 June 2024 | 9 replies
The growth that comes from the knowledge gained through classes, conferences, and networking with industry professionals is far more beneficial than occasional referrals.
13 June 2024 | 2 replies
It's a medical office building located in Prosper, TX and here's a breakdown of the key details:Property Details:Sale Type: Investment or Owner UserProperty Type: OfficeProperty Subtype: MedicalBuilding Size: 9,657 SFBuilding Class: BYear Built: 2023Percent Leased: 100% (Currently Fully Occupied)Tenancy: Multiple TenantsBuilding Height: 1 StoryLand Acres: 1.00 ACZoning: CommercialFinancials:Purchase Price: $676,000 + $81,000 Tenant Improvement (TI)Down Payment: 20%Commission: $22,000 (agent commission)Monthly Rent: $5,400 + NNN (exact expenses not specified)Vacancy (First 6 Months): Estimated expense of $27,600 (assuming rent starts after 6 months)Mortgage Payment Options:25 year term - $4,000/month15 year term - $4,600/monthLooking for Your Expertise:Does this fully leased medical office building present a good potential investment opportunity?

13 June 2024 | 7 replies
at 7.5% interest I would suspect 11% is high unless you are an excellent manager of class C properties.

12 June 2024 | 7 replies
HI @Mike Morgan, I may take you up on that; what's the avg. for 3/2 SFH's in B-class neighborhoods there?

13 June 2024 | 9 replies
@Daniel Grimsley sounds like you have a Class C tenant.They are probably planning on saving the rent they owe you to use to move and pay first month's rent + security deposit on a new home.Why didn't you start the eviction process when they didn't pay May rent?

12 June 2024 | 16 replies
An exercise for you is to change this phrase "...knowing that my real concern is their inability to pay the rent due to maternity leave" and substitute "maternity leave" with "being X" where X is another protected class based on race, gender, ethnicity, etc.