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Results (10,000+)
Sakib Khan Thinking About Buying My First Rental Property – Need Advice for the Near DMV area!
14 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.
Jacob Campbell First Rental Property - TurnKey Options
23 January 2025 | 3 replies
Feel free to PM me if you have any questions.
Dhruv Patel New 7 unit construction
22 January 2025 | 3 replies
@Dhruvin Bhadani - At face value, these numbers make sense.
Joshua Giles new to the community
22 January 2025 | 9 replies
Feel free to ask anything, anytime.Cheers!
Oksana Burak Bali Real Estate
21 January 2025 | 1 reply
Be skeptical of the developer's claims, as your property's value likely won't see substantial growth until the entire development is completed and sold, which could take several years.
Jon LaBorde How many leads does it take to get a wholesale deal
8 February 2025 | 21 replies
If you’re in a hurry to find a deal fast then you might be going at it with too much desperation that a seller can feel and get nervous about.P.S I am a direct buyer or not a Whole Seller.
Lincoln Waite Paying utilities on a Multi-Family and it's eating all of my cash flow. (Iowa)
8 February 2025 | 22 replies
I’m guessing your rents are far below market value.
Victor Yang if i gift a house, is the cost basis what i purchased it for or the FMV?
24 January 2025 | 8 replies
If you gift a house, the fair market value (FMV) at the time of the gift applies to the lifetime gift limit—not the amount you purchased it for.
Paloma Wodehouse Strong Tenant Laws & How to Protect Yourself
14 January 2025 | 8 replies
But don't let them know it.It amazes me how many of our members at MassRealEstate dot net have an Asset worth $300-500k Rent it for .5-1% of value and hardly pay attention to it, yet chase a tenth of a percent in CD rates;-)
Jesus Nieto Need help with SubTo Deal
28 January 2025 | 12 replies
Always have a clear exit strategy, whether you plan to rent, flip, or sell the property down the line.If you or your son are looking for more hands-on guidance, feel free to reach out directly.