Albert Gallucci
How do you detirmine the class of a Property
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.
Nathan Nathan
Help required to create LLCs in Wyoming/Georgia/Michigan
27 January 2025 | 11 replies
I recommend before spending thousands of dollars on this you speak to your CPA and your attorney as they will understand your overall financial position and the risk.The question I love to ask is "what are you afraid of being sued for that insurance would not cover you on?"
Paula Impala
Norada Capital Management suspending payments
31 December 2024 | 418 replies
Curious, are the executives suspending their salaries too?
Kelly Taylor
Recommendations for a Self-directed Roth IRA Custodian - Equity Trust anyone?
6 January 2025 | 11 replies
Any feedback positive or negative would be appreciated!
Ryan S.
Advice on Specific Performance for Breach of Real Estate Contract
26 January 2025 | 43 replies
I hired a litigator to review my position, and they concluded that we had a very strong case.
Tim Holt
House Hacking in expensive markets - MA and RI
4 January 2025 | 14 replies
Usually living in it for a few years may be enough for it to cash flow positive when you move out.
Mordy Chaimovitz
Crazy prices on 2 and 3 flat buildings in chicago
13 January 2025 | 11 replies
Many of which are savvy BP type clients who are doing updates/raising rents and then the buildings do cashflow positive even with lower down payments which produce amazing returns (at 3.5-5% down you get close to a 50%+ return a year just off mortgage paydown).
Troy Parker
Renting your first rental to a friend
26 January 2025 | 11 replies
This could turn a potential loss into positive cash flow while protecting your property’s value.
Sunny Wu
Tenant wants to break lease 8 months early
6 January 2025 | 6 replies
.- Who better to show the house and speak positively about than a current tenant?
Rob Barth
Renting properties at or below mortgage payment
9 January 2025 | 12 replies
You could theoretically structure a deal where you are cash flowing negative, but have an overall positive ROI.