8 February 2025 | 10 replies
Quote from @Solane Mesfin: I also tried to cancel free membership and unable to do that online.
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8 February 2025 | 5 replies
Sometimes hard to find this happy medium in rate sheets, though.Another consideration would be taxes - points are typically treated as interest, so if your tax obligations are high this year vs being higher in the future, then this could also impact buying down now vs paying a little more in interest in future years.
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8 February 2025 | 14 replies
Any suggestions and recommendations are very welcomed and appreciated!
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7 February 2025 | 49 replies
They had proffers up there but things you would not be taught - when you have a project site you have to use police officers and not flagman.
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28 January 2025 | 6 replies
Getting a property with a partner / friend will not help you from getting hosed on taxes.I wouldn't move forward - You mentioned beng a high income earner so your hourly rate is very high.
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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.
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22 January 2025 | 3 replies
Also, without even looking at the plans a 7 unit building will likely have flawed floor plans and/ or an inefficient layout unless its an irregular site.
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28 January 2025 | 6 replies
Quote from @Owen Wang: I am 17 years old and will graduate high school next year.
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21 January 2025 | 3 replies
Invest in as long as it takes you to write a check, do a wire transfer, or even an online bill pay4.
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29 January 2025 | 16 replies
Any areas of the city that are recommended to start looking in?