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20 February 2025 | 18 replies
For example "No evictions within the last 5 years" or 10 or just no evictions period. 2.
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8 February 2025 | 42 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.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.
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17 February 2025 | 17 replies
If the loan lasts many years or it becomes a problem child, the points we get does not cover all our efforts.
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17 February 2025 | 5 replies
Last tip, look in the spots where it's hard to see what they have done.
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3 February 2025 | 15 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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12 February 2025 | 27 replies
This is my first and last GC job and I'm stuck on one thing.
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11 February 2025 | 30 replies
Hello @Allen Duan,Last year, we conducted a study with a few clients and produced a white paper.
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13 February 2025 | 9 replies
@Clark Harbaugh, Given the favorable tax rulings over the last few years (in particular revolving around trusts and their equaling a beneficial interest in the underlining propery) the IRS has actually been much more lenient (or at least silent) on these issues.
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4 February 2025 | 31 replies
The last update I received was 12/5/2022, that I asked for.
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16 February 2025 | 2 replies
If I'm paying good money for a tool, the last thing I want is someone looking over my shoulder.