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22 February 2025 | 7 replies
I have tax clients who are CPAs, I amend many returns prepared by CPAs, Many CPA's don't do anything related to tax.
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29 January 2025 | 5 replies
*Soon after, I will be moving to the South, where I will purchase a relatively moderate-priced home (less than $350,000), likely a single-family, possibly a duplex.~ I will most likely purchase the first home (multi-family) using a bridge-DSCR loan combo or a FHA203K (3.5-20% down).
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27 January 2025 | 6 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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21 February 2025 | 13 replies
I can so relate with those days!!
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20 February 2025 | 10 replies
Secure liability insurance to protect against lawsuits or property-related claims.
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4 February 2025 | 5 replies
This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return. 5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space. 6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.
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15 February 2025 | 15 replies
Most banks/credit unions use 20-25 years to calculate the P&I payment (aka Debt Service).Lastly, the LTV "standard" is relatively fluid in the industry.
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6 February 2025 | 7 replies
There are online platforms like Rentable.com that will handle opening the correct accounts / all compliance tasks related to managing deposits
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2 February 2025 | 3 replies
Where you live in relation to the investment property shouldn't matter.
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16 February 2025 | 29 replies
But unlike your relative she loves her job so maybe that is why she was tagged.