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Results (10,000+)
Jason Mitchell New Detroit Rental Investor
8 January 2025 | 9 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.
Zachary Kotiadis *Using an FHA loan, can I move during the first year?*
17 January 2025 | 9 replies
I would protect myself and cut my losses so I was not looking over my shoulder or getting high blood pressure every time I heard a knock on the door (hoping it is not the FBI showing up to ask you some questions). 
Chris Lo Platforms for landlords
7 January 2025 | 3 replies
They can't assess all the subjective data like overall layout, view from the living room window, the dogs next door that bark all day, the width of doorways, size of individual rooms, quality of kitchen cabinets and appliances, etc.The best thing to do is study your market regularly.
Karen Margrave REDDING, CA INVESTORS
24 January 2025 | 37 replies
It took a bit to wrap my head around there being luxury homes intermingled with 5th wheels next door, etc., but their lots were like parks.
Isaac Watson Top Tips For Purchasing Small Multi-Family Through Creative Financing
12 January 2025 | 3 replies
Networking, local meetups, door knocking, mailers, wholesalers, online forums specific to your area of interest.  
Robert Medina Attempting to brrrr but having issues
15 January 2025 | 8 replies
Something with more doors and more potential.
Paloma Wodehouse Strong Tenant Laws & How to Protect Yourself
14 January 2025 | 8 replies
Install cameras and exterior lighting on timers, place no trespassing signs, and place items that indicate occupancy - like a BIG dog bowl near the front door, shoes, etc. 
Yooni Choi How to self-manage out-of-state property
25 January 2025 | 12 replies
Hi Yooni,I’ve been self-managing my 12 Detroit doors for the last 2.5 years, and while I’ve made it work, it’s been far from easy.
Nicholas Dillon HELOC on Primary Residence
12 January 2025 | 2 replies
Fast forward to today, I have over 275 doors.
Zachary Palmer Help reaching an empty neighbor's house-(Trust owned)
6 January 2025 | 2 replies
Also putting a business card and flyer on the door could work.