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18 January 2025 | 11 replies
That being said, the vast majority of mortgage products available (primarily DSCR) to LLCs are still going to consider your personal credit in the underwriting process.
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12 January 2025 | 1 reply
Majority of DSCR Lenders do not allow Manufactured homes but do allow for Modular.
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14 January 2025 | 5 replies
Is this standard for most major property management companies.
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9 January 2025 | 3 replies
I personally recommend checking Columbus OH - lots of job growth, population growth, and major companies moving and developing here.
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26 January 2025 | 2 replies
To them, everything takes "5 minutes" to do.The entire PMC industry has major challenges when it comes to handling maintenance, so it's a featured topic at most industry conferences.
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8 January 2025 | 5 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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17 January 2025 | 12 replies
-any major differences among your 4 properties?
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19 January 2025 | 10 replies
The big pros are the strong job market (lots of major employers), good population growth, and still-reasonable entry prices.
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27 January 2025 | 4 replies
Many of them are posers - I smile and nod, knowing that their posing will make an impression on many who dream of quick wealth, and that their incredibly transparent bullsh** will eventually blow up in their face, leading to no lasting wealth and potentially major problems for themselves and everyone associated with them.Many of these students receive referral fees if they are able to sign up other people to the expensive ($5K+) coaching programs, masterminds, mentorships, or tribes.
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22 January 2025 | 2 replies
A major part of the success or failure of an STR investment is the design, furnishing and management plan.