Mitch Provost
Student Rental Investment Market
21 January 2025 | 3 replies
Investors are particularly interested in properties near major universities, as they offer stable and growing returns.
Kayla Elliott
What is the best loan strategy for this buy and hold?
30 January 2025 | 8 replies
I also suspect the vast majority of lenders will take exception to your mom being the 1st position lien (look up strategic default).
Logan Rhea
Thoughts if this property flip Scope of work is too low
23 January 2025 | 5 replies
., HVAC tune-up, plumbing fixes)Deep clean entire property pre-listingEstimated Cost: $5,000Total Estimated Renovation Cost: $145,000Project TimelineWeek 1-2: Planning and DemolitionFinalize design and materialsObtain necessary permitsBegin demolition (kitchen, bathrooms, floors)Week 3-5: Structural and Major InstallationsInstall new cabinets and countertops in kitchenComplete bathroom tiling and vanity installationRefinish or replace flooringWeek 6-7: Painting and FixturesPaint interior and exteriorInstall lighting, hardware, and plumbing fixturesWeek 8: Finishing TouchesLandscaping and curb appeal updatesDeep cleaning and stagingTotal Timeline: 8 Weeks*This link comes directly from our calculators, based on information input by the member who posted.
Zach Howard
New, hungry, eager to start while also patient. Large risk appetite.
10 January 2025 | 17 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.
Kenny Bao
Advice on Off-Market Apartment Strategies
29 January 2025 | 9 replies
So a majority of the ownership groups would want to sell, plus since they are more sophisticated owners usually would sell through a broker to get max price and not sell privately.
Mattin Hosh
Assist in Turnkey
9 January 2025 | 10 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.
Bruce Woodruff
Thoughts on the California fire repercussions
14 January 2025 | 17 replies
Quote from @Matthew Paul: Isnt there going to be a major problem with mudslides once they get rain .
Anthony Sigala
Is the 1% rule dead in Arizona?
20 January 2025 | 31 replies
There are wholesalers in every major city in the country and they are buying at 70% to 90% of value all day long, every day of the week.
Ryan S.
My first STR in Aspen, CO
24 January 2025 | 13 replies
Make sure you know when each of the major holidays and events are in Aspen to price accordingly.
Devin La Croix
When can I buy again?
21 January 2025 | 4 replies
But if you get a major expense you could then potentially have a decent amount of debt.