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26 January 2025 | 2 replies
To them, everything takes "5 minutes" to do.The entire PMC industry has major challenges when it comes to handling maintenance, so it's a featured topic at most industry conferences.
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8 February 2025 | 9 replies
Right now, the majority of lenders are hitting DSCR loans hard, which is a strong indicator that the BRRRR method is still going strong, even in a higher-rate environment.We always say, “Date the rate, marry the property,” meaning interest rates will fluctuate, but the right deal will always make sense long-term.
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27 January 2025 | 4 replies
Many of them are posers - I smile and nod, knowing that their posing will make an impression on many who dream of quick wealth, and that their incredibly transparent bullsh** will eventually blow up in their face, leading to no lasting wealth and potentially major problems for themselves and everyone associated with them.Many of these students receive referral fees if they are able to sign up other people to the expensive ($5K+) coaching programs, masterminds, mentorships, or tribes.
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21 January 2025 | 20 replies
I am not knocking listing agents, but majority of their time and effort is spent getting the listing.
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17 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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7 February 2025 | 12 replies
Maybe the exception is pro-sports, but even Frisco has minor league baseball, hockey, and major league soccer.
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21 January 2025 | 13 replies
Majority of my clientele are out of state investors.
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28 January 2025 | 48 replies
Sorry to see that some of you major funds that could have been used for investment purposes.
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2 February 2025 | 22 replies
The history of New Haven and Hartford lead me to believe that these major cities could make a comeback in the next 10-20 years.
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16 January 2025 | 6 replies
I’m naturally inclined toward this area because it’s within driving distance of major west Coast cities (L.A., San Diego, and others)—making it feel like a “natural” choice for a regional traveller wanting to get away for a short weekend.