Scott Johnson
Scammed by "Estate Legal"
31 January 2025 | 20 replies
I have seen it backfire when companies attempt to get posts removed, including with legal threats.
James Sills
Where to start
15 January 2025 | 3 replies
Start by deepening your understanding of CRE fundamentals, including net operating income (NOI), cap rates, and lease structures like triple net (NNN).
Sino U.
Can you recommend a good lender for house hacking please?
15 January 2025 | 6 replies
I’d also recommend getting a few quotes, including at least one from a mortgage broker.
Julian Zamora
How do I pass the NMLS SAFE Mortgage Loan Originator Test?
10 January 2025 | 7 replies
I've been informed that completing the course alone may not be sufficient to pass the exam, so I’m seeking advice on how to prepare effectively once I complete it.Currently, my only other resources include a YouTube video, five practice exams, and a textbook.If you have any additional suggestions—whether online or in-person, paid or free—that could help me effectively prepare for the exam, I would greatly appreciate them.
Briar Blake
Property Managers Violated Contract
25 January 2025 | 13 replies
I completely understand why that clause is there and I'm happy to have it for many reasons including protecting my tenants and my property from damage, etc.
Katie Camargo
Are home warranties ever worth it on rentals?
17 January 2025 | 4 replies
Many people have had a great experience with home warranties, myself included.
Christopher Heidrich
Stuck in analysis paralysis and in the military
30 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.
Matt Streeter
Land Subdivision capital gains
13 January 2025 | 0 replies
We purchased 133.7 acres January 20th of 2024, we then proceeded to subdivide 4 building lots, ( two 10 acre lots, and two 2 acre lots) which included costs associated with septic testing, survey & subdivision, and property maintenence required to market the building lots.
Francis A.
California isn’t the only place where insurers are dropping homeowners
25 January 2025 | 9 replies
We now include insurance contingencies in offers for more areas, certainly around Tahoe, but also in other urban interface areas.
Tyler Edens
House Hacking Budgeting
20 January 2025 | 4 replies
Here are the key numbers:Potential purchase price: Mid-$400k rangeAppraised value: Estimated at ~$500kRehabbed comparable properties (comps): ~$580-600kMonthly PITI (with 5% down, including mortgage insurance): ~$3400First-year PITI (with 2-1 buydown): ~$2900Monthly income (after taxes): ~4-5kLiving expenses (utilities, groceries, etc.): ~$1600Savings available: ~15-20% of the purchase priceCash to close: ~$34kRehab estimate: ~$34kRemaining reserves: ~$20-25kTo fully fund the rehab, I’d need to come up with an additional ~$15k in the short term, which I anticipate paying back quickly once the rental portion is generating income.