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7 February 2025 | 14 replies
I can send you their contact info.Quick Tip - I would start with a range of offers (lower-end), that usually helps my clients get out of the analysis paralysis phase.
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27 January 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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30 January 2025 | 56 replies
Cost Advantage: Property prices in Mexico can be 40%-50% lower than comparable investments in the U.S. or Canada.High Occupancy Rates: The average rental occupancy rate in Tulum is 70%-80%, driven by year-round tourism.Economic Stability: Mexico's economy grew 3.1% in 2023, with a robust real estate sector supported by foreign investment.Infrastructure Investments: Developments like the Maya Train and new airports enhance connectivity, boosting property value.Feel free to reach out if you'd like more information on how to invest in Mexico, benefits and insights in general!
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17 January 2025 | 13 replies
Taking these two pieces of info will tell you how long you will take to get an offer, so if you go past that you should lower the price, and then the other action item would be to starting off lower than all the other properties if the condition is better than your condition.
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28 December 2024 | 1 reply
The importance of lowering expenses and increasing efficiency to maximize property income.
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23 January 2025 | 2 replies
Is the higher price agent inflating to get the listing or is the lower price agent just not keyed in well enough in the specific neighborhood?
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8 February 2025 | 80 replies
You'll simply sit vacant for a few months, lower the price then get a tenant.
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4 February 2025 | 2 replies
I would look at the DSCR loan as the first option.By the way, I suspect you are going to be disappointed by any refi appraisals ADUs typically appraise poorly JADUs can lower the property value Vs having the space as part of the primary unit.
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12 February 2025 | 43 replies
So your answer depends on lien priority, and you are advised to learn which liens rank higher and lower in priority (and why); that is beyond what I intended to post here.The prothonotary should have some way to indicate a lien’s status - whether it is open or satisfied or discharged.
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12 February 2025 | 22 replies
Often, it will also need work.So, that is causing investors to lower their standards and buy Class C & D rentals.Problem is, most investors apply Class A assumptions to these Class C/D properties - and then blame everyone else when they don't get their "expected" results.Check out copy & paste info below for more dtails:------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?