Joe Gellenbeck
New to Investing - Excited to Get Started!
21 January 2025 | 18 replies
: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.
Todd David Crouch
Self Employed or W2??
12 January 2025 | 4 replies
You may need to pay points if you put less than 20% down, but lots of no point options once you get to 20% down as long as you have decent credit scores.
Clare Pitcher
Flat Rate vs. Percentage Based Managment Fee
30 January 2025 | 19 replies
I know, some will say "we don't do that, we just have it as a service because..." and look if your doing it fair and decent kudos to you for being decent.
Kenyatta Barthelemy
Starting out in New Orleans/ Baton Rouge
27 January 2025 | 21 replies
Just shot you a connection request!
William Taylor
[Calc Review] A diamond in the rough? - Metro Detroit Duplex report
12 January 2025 | 6 replies
Eastpointe has a semi-decent school district, and the area overall is seeing a population growth.
Keith Groshans
Keep Idle Cash Working in SDIRA
15 January 2025 | 8 replies
I want to buy another note in my SDIRA but I’d have to wait a full year before having enough to buy a decent one.
Melissa Sejour
Fix and flips in Philadelphia
7 January 2025 | 7 replies
The wholesalers in Philly are comparatively decent in my opinion and there are still deals there.
John Friendas
Cheapest Funding for No Electric Property
10 January 2025 | 4 replies
I would be less concerned about the cheapest money and more concerned about decent terms and execution.
Serge Hounkponou
New member from Indiana
7 January 2025 | 4 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.
Jose Mejia
refinancing a property from hard money lender
19 January 2025 | 15 replies
Typically, you can get up to 80 or 75% of the as-is value as long as the property cash flows, and you have a decent FICO Score.