Brett Coultas
New member introduction and host financial question
21 January 2025 | 8 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.
Wiley Hood
Are DIY cost segregations a good idea?
12 January 2025 | 28 replies
If the proper reports and documentation are not completed, you run the risk of failing an IRS audit and the cost segregation not being honored.
Matthew Harrigan
Mega backdoor Roth vs taxable
7 February 2025 | 5 replies
Someone put a fancy brand name on something relatively common.When the policy is designed properly, they should always outperform traditional retirement plans (dollar for dollar).
Rory Darcy
out of state investor wanting to invest in wisconsin or illinois
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.
Henry Clark
Uruguay- starting deep dive
11 January 2025 | 0 replies
Looking for in country contacts banks, agents, contractors, recommended areas, etc to prep for a productive visit.
Ryan Ruppert
Shopify for own STR website?
20 January 2025 | 7 replies
While it's user-friendly and fine for selling physical products, its scalability for managing multiple rental properties is limited compared to WordPress.
Andreas Mueller
Why Should the Fed Cut Rates at All?
7 February 2025 | 2 replies
They see a renewal of the current business tax rates, regulation and permitting rules getting slashed, tax code being simplified, and federal deficits on a one-way ticket down the elevator (which are a longterm drag on economic productivity).Just look at the growth in tax code complexity over the last 20 years.
Cody Caswell
How to Save Thousands on Cabinetry Cost
6 February 2025 | 15 replies
At the end of the day, they're usually buying the products from the same outlets that you can!
John Lasher
How is the market where you are?
5 February 2025 | 17 replies
Or you'll have to do really costly renovations with proper permitting-- i.e take a 3/1 to a 4/3 to a neighborhood that seeks such size.
Christopher Helwig
Multi-media Documentation of Flipping for Potential Buyers
9 January 2025 | 3 replies
No sure about that as buyers want to see the finished product and showing them before pictures will often not be well received.That's funny, my wife said the exact same thing about showing them the before pictures.