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Results (10,000+)
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.
Gabe Goudreau Acquiring Properties With Different Partnership Structures
13 January 2025 | 7 replies
A syndication was way overkill because there were only 5 capital partners so they customized an operating agreement with their attorney that outlined roles and responsibilities, distributions, membership interests, etc.And you don't have to have all this stuff figured out right now; it's very customary for us to assign the contract to whatever customized entity we end up forming.Just one caveat. 
Kolby Knickerbocker should I sell a property to pull out $500K and invest it elsewhere?
15 January 2025 | 18 replies
here are just a few:-interest rates and prices both remain high. this has really hurt cash flow across the board.
William Taylor [Calc Review] A diamond in the rough? - Metro Detroit Duplex report
12 January 2025 | 6 replies
Also showing almost a 20% CoC return, which in my research I've found to be a highly ideal number for investors.Is there something I could improve on with this report or fix?
Luke H. Owner Financing Empty Lots
13 January 2025 | 17 replies
Should I price the land 2 times above market value and offer a low interest rateORPrice the land at current market and use a very high rate?
Anthony Freeman Property Management software
17 January 2025 | 6 replies
i ended up going with Stessa, but it seems like no one pms does it all does it?
JR Mack Graduating analysis paralysis
13 January 2025 | 11 replies
I don't do this for a living and have no real world experience, but at 40% down, even with a 7% int rate, that seems like a high monthly payment.
Noah Bacon BiggerPockets Pro Partner Update - Stessa!
15 January 2025 | 49 replies
My bank said no problems on their end, and I was never able to reconnect my bank for downloading transactions.
Account Closed Due On Sale Being Called!!
13 January 2025 | 41 replies
FFSTHE END
Jane S. Has anyone heard of a company called NOMAD
13 January 2025 | 8 replies
There is a flaw in the business model and thier internal processes need a lot of work.First the good,Yes, I got paid every month.Nomad found me good renters.Next the badDue to needing to make the guaranteed rent they rented my unit below market valueIn communicating with Nomad they were disorganized, often sending conflicting messages and not alignedNomad offered to find me a repair company, that compnany charged $400 for a $25 dollar part and I was stuck with Nomad saying "not their problem" and the vendor saying Nomad was the client not me.Nomad was horrible to my renters as their property management term ended.