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30 January 2025 | 19 replies
I've lost track of how many doors we've acquired from them.
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2 February 2025 | 1 reply
I own the two homes next door and rent them for 1425 and 1350/month plus utilities. 3% annual appreciation.I would be putting 20-25% down on these and would be cash out refi-ing from some other properties for the down payment or possibly paying cash for deal #3+4.
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10 February 2025 | 12 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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20 February 2025 | 8 replies
Beyond that, networking with other investors in the mobile home park space could open up some doors for partnerships or additional funding ideas.
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10 February 2025 | 24 replies
They will check for everything to ensure safety and habitable. i.e. doors/locks, lights, detectors, windows/screens, appliances (stove with anti-tip plate), hand rails, wiring in the unit and in the basement, lead paint (if children).....etc6.
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25 February 2025 | 8 replies
I've been reading up on creative financing lately to build more familiarity, and agree that could be another alternative avenue to conventional mortgage/FHA to open new doors.
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1 February 2025 | 1 reply
Sure enough, the door was left unlocked and the house is just full of trash and abandoned junk.
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1 February 2025 | 9 replies
New Roof, New Windows, Paint interior/Exterior, New Appliances, New Garage Door, New Fascia, New Fixtures (Bathroom and Ceiling fans), Electric Service Upgrade, 1204 Sqft, built 1960.
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26 January 2025 | 1 reply
There is a single family home in front, and in back there is a guest house/loft above a garage.
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24 February 2025 | 2 replies
According to Brandon Turner is was about $100-200/door.