April Smalls
Is This A Red Flag Pml Edition
31 December 2024 | 14 replies
It included a Google Voice phone number, and the scammer answered calls pretending to be me, using my real name.
Christopher R.
Homeowners Insurance/Landlord insurance/Umbrella insurance
26 December 2024 | 14 replies
Loss of Use / Loss of Rents: Normally, there is a 20% included limit.
Garry Lawrence
Mass Shooting Near Property I'm About to Buy – Should I Back Out?
12 January 2025 | 7 replies
Before buying or renting in an unfamiliar neighborhood, you should check the following two sites: SpotCrime, AreaVibes,These sites provide valuable information, including Livability Scores, which cover aspects such as crime rates, employment, health, housing, schools, shopping, and more.well, anything can happen anywhere.
Kyle Carter
Negotiating Favorable Terms
12 January 2025 | 2 replies
Account for all costs, including closing fees, holding costs, and repairs.
James E.
Real Estate professional logbook example
11 January 2025 | 212 replies
Just because some fellow investor includes it on her or his log, does not mean it flies - unless this investor was audited and won.
Andrew Lawlor
STR to Custom Home Builds
14 January 2025 | 12 replies
I have spreadsheets filled with material lists for every phase of the build that includes pricing for materials as well as labor, and sources that I use for them.
Gary Campanaro
Housekeepers want 50% without Cleaning
9 January 2025 | 17 replies
I would work on my communication of my processes including letting them know asap of their schedule with me.
Serge Hounkponou
New member from Indiana
7 January 2025 | 4 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.
Erick Pena
Advice Needed: Identifying "Good Deals" in Real Estate Investing
16 January 2025 | 12 replies
took down 6 walls including a load bearing wall.
Thomas Farrell
BRRRR with ~400k Capital
11 January 2025 | 15 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.