Van Lam
Cash Out Refinance
11 January 2025 | 7 replies
So, if your current rent roll is still on the lower side, it could limit the amount you can borrow right now.However, if you have even a partial track record showing improvements.. say a few of the units are already updated and attracting higher rents.. a lender might take that into consideration when underwriting.
Dennis Knapp
how to figure repair costs and arv
15 January 2025 | 7 replies
The numbers may be 30-40% lower than today's cost, but the process/approach to estimating may be good for you to review.
Natasha Rooney
Multifamily Properties in Indianapolis
17 January 2025 | 13 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.
Jackson Pudlo
First Time Real Estate Buyer - Seeking Advice on Single Family VS Mutli Family Units
23 January 2025 | 10 replies
You'll get much more "bang for your buck," lower cost per key, and lower maintenance costs per unit.
Victor Yang
NC residential equivalent of a NNN lease?
20 January 2025 | 3 replies
Business owners won't want to get tied up in litigation and if there is a good chance they will lose, it is easier to simply follow the contract.How would that work with a lower-end tenant?
Jose Martinez
32 Rentals – What’s Next?
27 January 2025 | 8 replies
Do it very intentionally, not just for the sake of scaling up, but to get better quality or easier to manage properties that will replace lower quality or harder properties.
Raul Velazquez
REI in Vancouver, BC
17 January 2025 | 9 replies
I used to live in the lower mainland but invested where the numbers work like Vancouver Island or Northern BC.
Jack Cottrell
Help me adjust my expectations - first deal pending
24 January 2025 | 36 replies
Tenants in lower Classes will have lower credit scores, which means higher chance of defaulting on their lease payments.
Michael Challenger
First Time Home Flipper Looking to Connect w Lenders
10 January 2025 | 12 replies
There are aggressive lenders out there with lower fees for experienced flippers.
Paulette Midgette
A Contractor I Would Not Recommend
17 January 2025 | 12 replies
So when I get multiple bids and one is significantly lower, I don't think of them as a deal.