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12 February 2025 | 27 replies
Then based on zoning access go after the location with the greatest potential first.On google earth count the doors.
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14 January 2025 | 4 replies
Send a Lease Violation Notice immediately - by mail with proof of delivery required (cheap date through post office) and or affix the notice in a envelope with his name on it on the door of the unit.
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15 January 2025 | 5 replies
The original post leaves the door open for a challenge by the IRS, so the safe harbor of holding it for investment for two full years is the safer option.
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7 January 2025 | 13 replies
She is a truck driver and had always claimed she is on the road and can't talk.
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22 January 2025 | 5 replies
. - Another exception to note on that foreign buyer ban is the number of units/doors for your investment: I believe the magic number is 5+ as this would be considered as commercial Real Estate- In Ontario, you will also have to look our for the Non-Resident Speculation Tax (NRST) which imposes about 25% on the purchase tax.
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20 January 2025 | 31 replies
He was there for the inspection and followed me from door to door then I realized why.
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17 January 2025 | 9 replies
I would protect myself and cut my losses so I was not looking over my shoulder or getting high blood pressure every time I heard a knock on the door (hoping it is not the FBI showing up to ask you some questions).
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9 January 2025 | 1 reply
A buddy of mine up in Omaha once inherited a tenant who refused to let inspectors through the door.. ended up pushing back renovations for a month and racking up costs like you wouldn’t believe.
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12 January 2025 | 20 replies
It took me 11 years, 25 properties, and 76 doors just to replace my income.
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8 January 2025 | 5 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.