Joseph Hossenlopp
Minoan to furnish rental properties
17 January 2025 | 28 replies
Left me feeling like a basically have a retail/fulfillment person on my team so I'm a big fan and would recommend giving them a shot, especially if you're in a similar position as I was: Needing to furnish an STR quickly and cost-efficiently.
Dominic Mazzarella
Turning Challenges Into Opportunities: How I Saved My Multi-Use Property Sale
19 January 2025 | 9 replies
Look for the positive in all situations.
Kiley Costa
Pay Off STR or Invest in Another Property?
11 January 2025 | 9 replies
Either way, sounds like you’re in a good position.
Henry Lazerow
Two warnings for the Chicago market! Section 8 lawsuits and fake tenants ID's
22 January 2025 | 12 replies
You can decline them off their credit, background and for not having 2 past positive references.
Chris Seveney
The Tech Revolution in Real Estate Lending: Are We Overlooking the Basics?
28 January 2025 | 5 replies
There are guidelines and guardrails, but a challenging deal can have positives and a golden deal can have issues below the surface.
Pawan Gupta
Has anyone worked with Mynd.co?
14 January 2025 | 2 replies
As title says, looking for some first hand experience, positive or negative; for working with mynd.co.
Ricardo Lemus
The rent does not cover all
3 February 2025 | 11 replies
So some ballpark numbers if everything remain the same, ($400ishx12)x10) would be $50Kish + the downpayment I see I got some positive numbers and after they are paid in full is when I believe the cash flow will be in better shape.I am planning to have all properties for long time, so I am planning (fingers crossed) to keep my primary income (job) in order to keep buying more properties.Once again, many thanks for all your comments.
Deirdre Lizio
Should you pick a property manager based on price or service?
17 January 2025 | 23 replies
That being said, it can be the most satisfying and cash-flow-positive business around.
Rebeca Moreno
Buying my first multi-family unit
17 January 2025 | 9 replies
Columbus is definitely a solid area for MF and duplex properties with positive cashflow and appreciation potential.
Brett Coultas
New member introduction and host financial question
21 January 2025 | 8 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.