Grant Shipman
7 Steps to Choose Your Property Type: Niche 2 Get Rich & Super-Niche 2 Get SuperRich
4 February 2025 | 1 reply
Stick to Your TypeWarren Buffett once said, “The difference between successful people and really successful people is that really successful people say no to almost everything.”Apply this principle here:Decide on your property type.Say no to anything outside of that type.You can always pivot down the road, but starting with focus is crucial to building momentum.
Jeffrey Duck
Who am I required to return the security deposit to?
4 February 2025 | 4 replies
Quote from @Jeffrey Duck: I see no reason to pay an attorney for this, but it's your dime.The current lease was between you and Person B.
Erika Andersen
Advice on working with a home buyer's RE agent using an hourly rate?
4 February 2025 | 17 replies
That makes no sense.
Alexander Roussakov
Financing for non-us citizens / overseas investors
31 January 2025 | 6 replies
Yes there are alternatives for both beige and 30 year loans for no US borrowers.
Shiloh Lundahl
Those of you on the sidelines
30 January 2025 | 45 replies
No one has a "crystal ball" to time the market perfectly.
Amir Portal
Help whit choosing a neighborhoods for BRRRR strategy
28 January 2025 | 10 replies
I would say get to no many neighborhoods.Also not much in 200K range any more.$300K is the new $200K.
Melanie P.
WARNING - Justin Goodin is Operating as Goodin Development
23 January 2025 | 30 replies
First Financial Bank has no record of having done business with Goodin Development.
Natasha Rooney
Multifamily Properties in Indianapolis
29 January 2025 | 16 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.
Mary Jay
Cash flow is a myth? Property does not cash flow till its paid off?
3 February 2025 | 79 replies
No.
Cody Caswell
How to Save Thousands on Cabinetry Cost
28 January 2025 | 12 replies
Because of the relationship I have with the contractors I use, there is no material mark up when they source the material.Basically there is not an issue.The CSLB law on prohibition of T&M residential home improvement contracts has been around a long time.