David Lewis
First Timer - Long Distance Investment?
31 January 2025 | 7 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.
Michael Plaks
EXPLAINED: sending 1099s to contractors and vendors
15 January 2025 | 13 replies
Upon "googling" I see where some folks include Debit Cards as not having to send 1099's, but I want to be certain.A lot of contractors lump their labor and materials together.
Kyle Lipko
Excited to Learn and Grow in Real Estate Investing!
31 January 2025 | 6 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.
Vincent Plant
Hard Money Costs Too Much?
13 January 2025 | 15 replies
He said that typically in flip deals its around 30-40% down but if construction was included it would be about 30%.
Shiloh Lundahl
New Partnership Model
2 February 2025 | 65 replies
We try hard to follow the regulations, including the Dodd Frank Act.
Ben Hedvat
Single-family residence fix & flip Hamptons NY
16 January 2025 | 0 replies
This included modernizing the kitchen with high-end appliances, upgrading bathrooms with spa-like features, and adding hardwood floors for a luxury feel Lessons learned?
Desiree Rejeili
Understanding Mortgage Recasting: What Homeowners Need to Know
22 January 2025 | 0 replies
Unlike refinancing, which involves taking out a new loan, recasting keeps your existing loan terms—including your interest rate and loan duration—intact.
La'Terrius Campbell
Wholesaling Text Blasting
19 January 2025 | 10 replies
Quick rundown on text messaging rules Get Permission: You can’t text someone unless they’ve given explicit consent (like through an opt-in form).Opt-Out: Always include an easy way for them to unsubscribe, like "Reply STOP to opt out."
Darnell Holland
Tear down rebuild numbers
20 January 2025 | 5 replies
You will need probably 20% of total cost (Not including financing costs. 80% LTC) as the down payment.
Byron Umana
How to Maximize Your Airbnb Income: Tips for New Hosts
26 January 2025 | 7 replies
For example, include thoughtful amenities like a welcome basket, free snacks, or local guidebooks.