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23 January 2025 | 14 replies
Obviously each deal is unique and requires proper due diligence.
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31 January 2025 | 2 replies
Additionally, it's easy for a house on one lease to get absolutely trashed by the renter.
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10 January 2025 | 4 replies
And how do I roll this into a cheaper mortgage (my dti would be too bad for another conventional).Maybe a lender would be able to consider the electric "working" with the proper inspection?
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27 January 2025 | 1 reply
A handy search bar in the upper right makes it easy to find previous discussions, blogs, podcasts, and other resources.
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16 January 2025 | 3 replies
I understand it become tad difficult to refinance since some lenders wouldn't lend on the home in trust, but is it easy to sell a home in a trust, just like you are buying in a trust?
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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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23 January 2025 | 3 replies
It is very easy and doesn't have to be contentious. just follow the steps.
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9 January 2025 | 46 replies
this is what Oregon has done starting in July to regulate the wholesaling activityhttps://www.oregon.gov/rea/newsroom/Pages/2024-OREN-J/Proper...
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17 January 2025 | 7 replies
I would have been fine working out a way to get it repaired had he come to us in any kind of civil or proper manner.
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4 February 2025 | 1 reply
Either way, could always have the plumbers plumb the system to make it easy to put each unit on its own meter in future (so long as it’s not crazy expensive).Unit Configurations Below for Reference:x2 2 bed 2 bath, 800 sq ftx1 2 bed 1 bath, 1,000 sq ftx1 3 bed 3 bath, 2,000 sq ft