David Putz
Lets hear what Note Servicers other Note Investors use.
2 January 2025 | 29 replies
.: Why does every company in the note servicing space have a website that looks like it was made in 1996?
Ezra Avery
Hello & Thank You
7 January 2025 | 5 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.
Sam Hendricksen
Buying near new casino
5 January 2025 | 5 replies
Having watched many prior co-workers get paid, cash their check at the casino, and promptly deposit it all into a slot machine I can tell you with pretty good certainty that casinos don't have a positive effect on disposable income and good use of the existing income in the area surrounding :)Are there solid local employers OTHER than the casino in a 15-minute drive?
Carlos Silva
Velocity Banking for paying off mortgages
13 January 2025 | 19 replies
All of the above and there are many discussions and mathematical gymnastics that are in these forums that prove it works and doesnt work in both ways...consider a first position heloc if you want to utilize velocity banking concepts for mortgage purposes.I got one with CMG mortgage (they call it the All in One Loan) and it put me in positive light.
Aaron Kuehmichel
Who pays when Tenant requests 220 volt electric dryer hookup; 110 and gas provided?
29 December 2024 | 13 replies
Anyone can go to any website of any big box retailer and see how unusual that is.
Cole Dobbs
New Member Introduction
10 January 2025 | 9 replies
With your background in the Air Force, MBA, and construction, you're in a great position to launch a real estate venture.
Sharma Parth
Feedback on company Offer Geek in Flint, Michigan?
4 January 2025 | 13 replies
Suggest you monitor the media feedback during the NFL Draft this weekend - which we expect to be very positive!
Ryan Marble
Buying land and building the multifamily residence???
12 January 2025 | 5 replies
Inflation will push up rents over time, so at some point you will be cash flow positive.
Daniel Alvarez
What is the best way to see a person is a good Tennant?
12 January 2025 | 11 replies
Additionally, applicants can (optionally) upload tax forms and bank statements for our review.If you're looking for a website you can utilize on your own @Bruce Woodruff mentioned a couple that are popular.
Ana Carini
Payment Processing Options for Cohosts
18 December 2024 | 9 replies
For the experienced cohosts in the group, I’d love to get your thoughts on payment processing options for cohosting companies (LLCs) that position themselves as property management companies but operate without a broker’s license.As an investor and soon-to-be STR entrepreneur, my business will initially focus on managing a small portfolio of vacation rentals with plans to scale.