
16 October 2024 | 10 replies
- Do you have any advice for first-time investors tackling a rehab-heavy property?

18 October 2024 | 7 replies
All an agent should do for you is list the property to generate showings => to generate applications, that YOU then screen.Now, they may actually be asking you want screening criteria you want them to advertise, which is fine.Can't answer your question though, without knowing if this is a Class A, B, C or D property - as they will all have different criteria.Here's a sample of some of what we use in our Metro Detroit market:Class A Properties: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: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:Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

17 October 2024 | 5 replies
I want to cover home and commercial sales as well as rental ownership and management.

15 October 2024 | 3 replies
I have a tenant who I believe to be on some type of heavy drug like herion, or meth ...I recently inspected the property it was full of garbage everywhere some hording, it's just trashed.

17 October 2024 | 4 replies
We recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

18 October 2024 | 6 replies
Register for courses covering the BRRRR method and Subject To financing2.

17 October 2024 | 0 replies
Hello all, I'm curious how much the HUD will actually pay compared to the 40th percentile rents posted on their site.I'm aware of the different amounts each tenant will cover in terms of their portion of the rent, but I'm not sure if the HUD will actually agree to my rent price.I've been taking the stated FMR for the bedroom count, and taking 20% off the number stated (to be conservative as to what the HUD will accept).

17 October 2024 | 14 replies
I am sure there are lots of different reasons for it. well they were replaced by those crossing the border 750k out of 42 mil probably not that big of an impact.. traffic is still really heavy I was just there last weekend in the SF bay area no signs of the state looking like some of the dead cities one finds in the rust belt or deep south.

13 October 2024 | 11 replies
In all reality it won't make you any money but it provides an amenity to your renters and will cover the expenses for the utilities it uses.

17 October 2024 | 4 replies
Is there any type of document I can make the buyer sign for these 2 weeks he will be occupying the property in order to cover myself?