Leon George
New to BP Community
24 January 2025 | 13 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.
Jerry Nogueras
NYC Residents- Which areas outside NYC have you seen the most success for rentals?
27 January 2025 | 6 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.
Julio Gonzalez
Cost Segregation Study on Knoxville Apartment Complex
4 February 2025 | 0 replies
The interior was made up of high efficiency HVAC systems, contemporary lighting, and electric water heaters.
Arthur Crum
RAD Diversified SCAM ALERT!!!
20 January 2025 | 242 replies
Crum,As a RADD investor, we value your business.
Monty Alston
Need creative advice to pull equity out of my home ?
18 January 2025 | 15 replies
Rates are high, usually in the high 8s or low 9s, and you may pay 2-4 points on the loan.
Lauren Ruppert
How do you get a spouse's name off of the property if divorcing?
25 January 2025 | 5 replies
The estimated value now (roughly) is $200K.
Mark S.
preREO - First Mortgage Secured by Vacant Property
24 January 2025 | 42 replies
Is it provided by PreREO and who is the loss payee?
Arlinda Rexho
Tips on first 32-64 unit MFH deal
24 January 2025 | 1 reply
Look for properties with high cash flow potential, good condition, and room for improvement, such as value-add opportunities.
Robert Adams
My Thoughts: Las Vegas Market Trends & What to Expect This Spring – February 2025
2 February 2025 | 2 replies
If what we are feeling is accurate, the January data should show substantial increase in buyer demand.Jan 1, 2020 to Jan 1, 2025 InventoryWhile interest rates remain high, the demand from buyers is still strong.
Joel Bechtel
Seeking Advice on DIC and Excess & Surplus Coverage for 7-Unit Property
7 February 2025 | 2 replies
Those are the only numbers that matter.I assume they're offering you Actual Cash Value when you're used to having Replacement Cost.