Phillip Austin
Nightmare Tenant - This is why you need a property manager!
24 December 2024 | 7 replies
See below for explanations, with headings taken from the attached document.Broken windows or exterior doors-The two narrow windows in the living room do not fit into the walls properly.
David Putz
Lets hear what Note Servicers other Note Investors use.
2 January 2025 | 29 replies
You can check the NMLS for licensing (some servicers will operate without being properly licensed in that state).
Ken M.
Creative Financing for 2025
2 January 2025 | 10 replies
Now, ca n you learn to properly do creative financing from a mentor/coach/investor - of course.
Mark DiPietro
Anyone worked with Mario Cotto
28 December 2024 | 23 replies
Never heard of him.Make sure you perform proper due diligence.
An Lan
Any better suggestions?
26 December 2024 | 7 replies
You know, proper upkeep.Best regards, Stevan
Nathan Harden
Expanding to Akron, looking for advice
17 January 2025 | 21 replies
@Nathan Harden- agree about OH ....I went to school at Miami U and lived in columbus area for a few yrs ...many friends that still live there ......I live in Seattle proper ( near Magnusson Park ...also own 2 properties in Mason County ......father in law lives on close to 10 acres close to downtwon Medina so we will be dealing with figuring out the best thing to do with this as he gets older ( he is 83 now) ...stay in touch
Lauren Merendino
Pre retirement Strategy
27 January 2025 | 29 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.
Roy Gottesdiener
Pulling out equity will kill my cash flow but I want to grow my portfolio
31 December 2024 | 9 replies
i agree that a new purchase at 75% equity will typically not have significant cash flow and may even be negative when properly allocating for all expenses.Investing to max equity without reserves is risky and you indicate would result in stress.
Sean Leahy
mid term rental
16 December 2024 | 4 replies
Are there specific national or regional agencies that coordinate temporary housing for disaster victims?
Paola Astrid
Newark NJ Property Management s8
26 December 2024 | 5 replies
Take ownership of your mistake and learn to do the proper due diligence recommended above😊