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28 January 2025 | 48 replies
But on this specific guy, I jumped on a call to explore the program and it was a high pressure sales call, it did not feel organic, not trustworthy and certainly did not feel the right fit.Why would someone spend 10k on a so niched-down space of real estate when they can get someone for the same amount to teach him/her everything?
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6 February 2025 | 18 replies
I hope you don't like this family member.
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31 January 2025 | 4 replies
@Miller McSwain thank you so much for this and for your time!
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5 February 2025 | 16 replies
Hi Mike,Thanks so much for this post.
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10 February 2025 | 6 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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29 January 2025 | 8 replies
If I commit to this path, my goal is to generate a net income of $300,000 per year by December 2030.
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23 January 2025 | 3 replies
Does anyone have any experience with this company?
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10 February 2025 | 1 reply
Hi everyone,I'm relatively new to this platform and want introduce myself.
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24 January 2025 | 3 replies
@Chantelle LewisRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.
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1 February 2025 | 15 replies
Can this be done inside a solo k while also using funds from inside the same solo to do rehab?