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31 December 2024 | 13 replies
I’d love to learn from all of you, connect with like-minded people, and eventually achieve financial freedom together!
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3 February 2025 | 25 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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11 January 2025 | 2 replies
BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.
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28 January 2025 | 6 replies
Try AI resources like Chatgpt and Gemeni, you will have to feed your data and assumptions and they will both do wonders.
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2 February 2025 | 10 replies
Does anyone know of a good resource for this type of rental or a good contract attorney?
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16 January 2025 | 20 replies
Glad to be here and cant wait to network and learn!
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29 January 2025 | 18 replies
@Frank Mongiello is a great resource for a real estate agent in Central Florida and South Florida.
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6 January 2025 | 5 replies
We have the time and resources to purchase about 2-3 properties a year.
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8 February 2025 | 55 replies
Definitely more I would need to learn in order to make it work.
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22 January 2025 | 3 replies
With land investing/flipping becoming more democratized/accessible (so many landed courses, tools, resources etc), current prices/RE trends etc, is it still worth getting into land investing/flipping for a brand new RE investor ?