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8 February 2025 | 13 replies
You’re probably thinking you have to offer asking price – not true!
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8 February 2025 | 4 replies
Quote from @Henry Clark: I probably watched about 50-60 of the podcasts.
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26 February 2025 | 14 replies
As I mentioned, advanced tax planning opportunities are going to be limited so finding a highly specialized CPA is probably unnecessary and going to reduce your pool of otherwise qualified accountants.
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9 February 2025 | 2 replies
If you have ever learned something important by trial and error, then you can probably understand the frustration that you feel when you make a "rookie mistake" or a simple error that creates a big negative result.
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5 February 2025 | 7 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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11 February 2025 | 7 replies
From what Ive seen looking the home equity and heloc are similar if you get a fixed rate heloc if not your probably paying more in interest.
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21 February 2025 | 5 replies
I think you have a solid basis to sue them for all of the damage - though getting them to pay will probably be difficult.I only asked about them being related to you because such a situation can cause awkward moments at the next family reunion!
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25 February 2025 | 4 replies
For a 1300 sqft home, architectural costs vary, but for a fair price, you’re probably looking at $3K-$8K, depending on complexity.
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24 February 2025 | 6 replies
@Jerome Boudreaux what lenders probably won't tell you right now is the BIGGEST benefit of your VA loan is an assumption!
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24 February 2025 | 6 replies
If they’re financing, the process already takes time, so a slight delay probably won’t matter.If the home is vacant, maybe they can move some things in as a short-term tenant until closing (if their lender and community allows it).