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20 January 2025 | 22 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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5 February 2025 | 7 replies
The USDA Rural Development Loan program, for instance, offers favorable terms for rural housing, though it's typically for owner-occupied homes.Hard Money for Fix-and-Flip or Rentals:If you're focusing on duplexes and single-family homes that need repairs before renting them out, certain hard money lenders specialize in smaller rehab or rental loans.
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4 February 2025 | 7 replies
There is typically one or more heir that feel he or she deserves more then all the other heirs because the took care of auntie or uncle and hires an attorney to contest the probate.
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4 February 2025 | 2 replies
"the typical home warranty costs $450 annually, and only 25% of premiums are paid to homeowners.
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22 January 2025 | 20 replies
@Isaac Terry Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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22 January 2025 | 16 replies
In hot markets, some wholesalers and investors use 80-85% of ARV (minus repairs) instead of the typical 70% to stay competitive.A few tips:1.
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13 January 2025 | 5 replies
They claim to market on dozens of online channels, and they seem to know the right amenities to feature, have great design, services, experiences etc.
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20 January 2025 | 1 reply
In the assets I am considering - the seller is typically selling because they no longer have the time or energy.
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4 February 2025 | 13 replies
You can typically change the way the entity works - may or may not make a tax difference, but you're only 6 months in so I imagine you're showing a paper loss anyways?
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28 January 2025 | 8 replies
There are alternative programs out there with reduced cost, but you are typically looking at 20% down.