Zachary Young
Where To Buy My First Rental Property
18 January 2025 | 45 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.
Sanjeev Advani
Circle K Parent Company Makes Unsolicited Bid to Acquire 7-Eleven
17 December 2024 | 2 replies
@Sanjeev Advani I’m not saying they’re all like this but since Circle K bought 3 local convenience stores they have never been able to staff them properly or maintain employees.
Adam Ortiz
Buying my first investment property out of state?
28 December 2024 | 8 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.
Henry Clark
Belize Teak Plantation
4 January 2025 | 67 replies
$192,000 per acre.I might have to lose some weight to fit in that 36 belt so we can go another 20 feet up.
Josh Garden
Anyone investing in Nova Scotia, Canada?
22 December 2024 | 21 replies
So you can really get an idea for the market and if a property you are looking at is properly priced!
Leeling Chew
Lease ended. Tenant stays for two more weeks. How much rent to charge?
18 December 2024 | 5 replies
If I have been given proper notice of move out, then generally I prorate the days past the move out date based on the actual monthly rent that month.
Agatha Oliveira
Philadelphia Tax Foreclosure Auction Time for receiving deed
19 December 2024 | 5 replies
This was also confirmed when I went there to submit the required documents, but they couldn't give me a proper timeline on when it would happen claiming that they were backed up.
Scott Suryan
Turnkey providers in out of state markets like REI Nation
19 December 2024 | 4 replies
I own 12-doors in Detroit proper.
Mike Johnson
What to expect in Property Management
16 December 2024 | 9 replies
When you are small, there really isn't many concerns other than not knowing how to manage the properties properly.
Collin Hays
Best Practices on cancellation credit card chargebacks?
15 December 2024 | 15 replies
Here is the new response: "The Terms and Conditions were not properly displayed for the cardholder during the order process or on the same screen as the checkout screen before the final checkout.