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19 January 2025 | 55 replies
Secondly, how many doors are you managing?
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14 January 2025 | 7 replies
May allow you to get more rent vs the same house next door without a pool.
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15 January 2025 | 8 replies
They normally do a very poor job that will have to be corrected later - drips on the floor, doors walls and molding, poor job of cutting in, bleed through on the walls.
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16 January 2025 | 7 replies
Most of the time I do the BRRRR strategy and I have scaled to 9 doors now, one of which I'm planning to flip.
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29 January 2025 | 10 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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13 January 2025 | 16 replies
Bank a few doors down from my residence didn't ever foreclose on a property.
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6 January 2025 | 1 reply
I know depending on where an investor is in their fix and flip journey and the market this will vary, but Im curious because I feel like this is important when it comes to a good deal since some investors might not mind making less to have more doors.
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21 January 2025 | 40 replies
@Alison EvansI could not imagine managing 48 doors!
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14 January 2025 | 4 replies
Send a Lease Violation Notice immediately - by mail with proof of delivery required (cheap date through post office) and or affix the notice in a envelope with his name on it on the door of the unit.
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10 January 2025 | 2 replies
Hello everyone my name is Omar I’m 24 ,just recently came across wholesaling and I started doing some research on it and it seem like it’s the best option for me now to get my foot on the door and eventually start doing flips down the road. since I’m new to wholesaling and barely know anything about it what books, YouTube chancel, podcasts, even a course that might help me get on track and learn the fundamental of wholesaling.I always come across some type of strategy of real estate that I might consider to pursue but I never end up staying consistent and taking action but my goal is just to learn about wholesaling and find a way to take action now.