Aishan Gonaduwage
Rental properties in Detroit
15 January 2025 | 5 replies
Hey Aishan, I personally own 12-doors in Detroit and I live in California.
Travis Hill
WHERE/HOW DETERMINES PROPERTY CLASS (A, B, C)?
23 January 2025 | 21 replies
If you enter a neighborhood and you immediately lock all doors from the inside, and check to make sure your gun is loaded, you are in class D no doubt.On the other hand, most class A+ neighborhoods as you drive through you cannot see the houses from the street.
Polat Caglayan
invest in detroit
8 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.
Shawn Questa
Creative Ideas to Help Distressed Seller and make a Deal Work
23 January 2025 | 3 replies
And it is unlikely you know the correct questions to ask.Drive over, knock on the door, and have a conversation.
Nora Douglas
Looking to develop a short term rental Corporate/wellness retreat
12 January 2025 | 1 reply
it will be a corporate/wellness retreat/short term rental destinationI need land that is close to the Action, but not too close, and preferably comes with two single family doors already built, so I can take advantage of Fannie Mae owner occupied loan and develop the rest of the land on my own and with private funding.Is Columbus a good market for this strategy?
Eric Maxwell
1st time landlord
9 January 2025 | 1 reply
A buddy of mine up in Omaha once inherited a tenant who refused to let inspectors through the door.. ended up pushing back renovations for a month and racking up costs like you wouldn’t believe.
Grant Woodward
Pool liability mitigation
30 January 2025 | 12 replies
It's safer to at least have alarms in n doors if not the fencing.
Michelle Gonzalez
Are tenants hacking Zillow's credit score tool?
27 December 2024 | 4 replies
Our systems have caught people using SSNs from deceased people or the SSN indicates they are 2-3 decades older than their driver license birth date.
Harrison Jones
The Importance of a Great Real Estate Agent: A Personal Paradigm Shift I
22 January 2025 | 1 reply
It’s exciting to see how doors open when you have someone who knows how to navigate the space.I just wanted to share this because it’s been such an eye-opening experience for me.
Jim Vasica
Painting pricing question
15 January 2025 | 6 replies
Walls are priced one way, ceilings another, then you have baseboard, trim and doors.