Kevin Collins
REI Nation Experience
31 December 2024 | 32 replies
I also checked in our executive meeting and your property is being marketed $100 above the range we gave you and has a resident application.
Jemini Leckie
Out of State Cash Flow
17 January 2025 | 9 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.
Michael Plaks
RANT: Preparing/Planning/Guessing for the 2nd Trump Tax Plan
19 December 2024 | 13 replies
Presidents do not change tax laws.They can issue pardons and various executive orders, but changing tax laws can only be done by Congress.It does not matter what tax laws Biden or Trump want and promise.
Evan Coopersmith
Looking to buy a multifamily property in 2025
14 January 2025 | 19 replies
I get the desire to own outside of Chicago proper, but instead of going to another state altogether, why not invest in one of the burbs?
John ONeill
Confessions of a First-Time Flipper: What I Wish I Knew Before I Started!
13 January 2025 | 11 replies
To properly evaluate the condition and determine the cost of renovations, always have a professional inspection done before making a purchase.4.
Paul Dashevsky
SB9 for property in California
23 December 2024 | 25 replies
Anybody know someone that has executed one?
Mindy Jensen
Contractors: If I Buy Materials, Do You Still Need a Downpayment?
31 December 2024 | 66 replies
They instead lack the skill to do a proper bid.
Breeya Johnson
Is Austin, Texas Still A Good Place To Invest?
24 December 2024 | 12 replies
However, Austin proper has a high barrier to entry due to the sharp rise in property values in recent years.
An Lan
Any better suggestions?
26 December 2024 | 7 replies
You know, proper upkeep.Best regards, Stevan
Max Serpe
Starting out with REI in Phoenix
19 December 2024 | 10 replies
What I'm hoping to find: I'm hoping to make connections, for mutual benefit; this could be investor friendly agents who have experience with identifying promising house hacks, investors who are looking for an additional financial partner, investors who are looking for a partner to help manage the load of projects (I am naturally drawn to planning and execution), and more broadly anyone who is willing to share experience and create new connections!