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13 January 2025 | 7 replies
Other CPAs and firms have quoted me 5k-10k+ but are no where near as responsive and personable as my current CPA and accountant.You are going about this properly.
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9 January 2025 | 18 replies
They already made their investment using their own reasoning; now it's your turn.Happy Hunting!
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12 February 2025 | 9 replies
.✅ Flood Vents & Mitigation: Adding proper flood vents and elevating utilities can help lower premiums.✅ Private vs.
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12 February 2025 | 21 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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14 January 2025 | 4 replies
You want to make sure they are properly installed and you don't want tenants moving large appliances in and out of the house as it will cause damage.
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30 January 2025 | 21 replies
At that class of property, the delinquencies are not low and have to be properly accounted for.The reason I asked how long you have owned is that it takes a while to recognize the sustained expenses.Obvious is to get rid of the poor tenant.
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12 January 2025 | 28 replies
Get an attorney and get these losers out then hire a property manager to properly vet any future tenants!
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4 January 2025 | 0 replies
With this, I would like to implement the BRRR strategy but am having trouble estimating rehab costs.If anybody could help, or connect me with someone that could, I would greatly appreciate it.Thank you all and happy hunting.
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25 January 2025 | 29 replies
Once you master it, its an awesome tool.Like the other members say, you can easily find it online, however, i strongly recommend you watch the videos (that come with the calculator when you buy it for a lil over $100) so you can learn how to use it properly.
8 February 2025 | 89 replies
Of more concern to me would be the ridiculous investment strategy; the qualification of the sponsors to evaluate these brand investments; whether proper and full disclosure was provided; and the fees and other compensation the sponsor received on invested capital.