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27 January 2025 | 27 replies
Next to impossible without a property management company or a ton of experience in rehabs.
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23 February 2025 | 2 replies
So far, my experience from interviewing several companies in that town is that most of them completely refuse to manage furnished rental.
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23 February 2025 | 2 replies
Just messaged you - I own a PM Company in Naples.
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19 February 2025 | 3 replies
I recently started my own STR management company and I'm thinking about starting a referral partner program for real estate agents.
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6 February 2025 | 12 replies
For a number of years the majority of my time has been devoted to investing and developing.
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29 January 2025 | 22 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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23 February 2025 | 1 reply
Quote from @Stephanie Sanchez: Curious to see if anyone invested with 7e investments, If you have what was your experience with this company?
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18 February 2025 | 8 replies
@Ellis Moyewe really don't know a lot about this situation since there aren't many details in your post... but i don't think this makes any sense for anyone involved here...if it's a flip that's not selling, refinancing may not solve your problem and allow you to pay back the HML in fulland typically a sub to buyer wants a low interest rate... and if you refinance now you won't be getting a low interest rate, you'll just be getting whatever the market offers.and finally.... the vast majority of loans are NOT assumable.
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2 February 2025 | 9 replies
That said, here is how I would proceed...For some background, I used to run an STR management company in SATX and we peaked at about 35 properties under management.
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9 February 2025 | 2 replies
I am a general business major and also currently working on obtaining my real estate license to become an agent.