Rebeca Moreno
Buying my first multi-family unit
17 January 2025 | 9 replies
I'm sure many here, including myself, would be happy to discuss potential opportunities with you.
Peter Firehock
Multifamily Market Outlook for the Washington D.C. Metro
26 January 2025 | 3 replies
Metro’s business with the continued expansion and advancement of Artificial Intelligence.Other catalysts include Virginia Tech’s new 600,000 square foot, 1 billion dollar Innovation Campus in Alexandria just outside D.C., 300,000 square feet of which was completed last week and is now open for students.
Jonathan Small
50% Rule vs DSCR > which do you use to calculate a good rental
15 January 2025 | 4 replies
Though at 1525/mth it is projected to cashflow a little less than 100/mth -- the numbers do not include what I like to call reality numbers (vacancy loss, maintenance, capex reserves).
Ed Lopez
Excessive "Make Ready" Costs from Property Manager
21 January 2025 | 35 replies
This includes trips to properties for evaluations, trips to Home Depot, etc.
Mitch Davidson
New STR Restrictions Coming for the Asheville Area
17 January 2025 | 40 replies
This is a common theme across the country with many municipalities enacting similar restrictions including where I am located in Philadelphia.
Derick Jennings
New to this
31 January 2025 | 13 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.
Jeremy Beland
A Hard Lesson Learned from Our 2022 "Scary House" Flip
16 January 2025 | 16 replies
You have to include the cost of your time and the work, especially on a "scary house" is daunting indeed.
Ken M.
Creative Financing and Some Things To Know
13 January 2025 | 1 reply
Some types of Creative Financing include: Seller/Owner Financing, Land Contract, Wrap, Assumption, Subto, Lease Option, Contract for Deed.
Matthew Samson
Primary Residence Sale -- $1.65mm appreciation -- How to Minimize Capital Gains?
30 January 2025 | 24 replies
Other strategies include gifting portions of the property to reduce the taxable estate or exploring more complex options like a Qualified Opportunity Fund or a Charitable Remainder Trust to defer or minimize taxes.
Dena Sommers
Partial Owner Financing Question
15 January 2025 | 2 replies
Don’t forget to include the cost of the loan servicer.