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.
Nate LaBlance
Relocating out of state; how do I show a property & get keys to tenants?
26 December 2024 | 4 replies
Recommend you look at Lockly locks with built-in camera, so you can also see who looked at the property and tell if the door was properly closed.
Benjamin Ying
First time investor needing some confidence!
1 February 2025 | 49 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.
Sakib Khan
Thinking About Buying My First Rental Property – Need Advice for the Near DMV area!
14 January 2025 | 10 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.
Mark DiPietro
Anyone worked with Mario Cotto
28 December 2024 | 23 replies
Never heard of him.Make sure you perform proper due diligence.
Alissa Schmitz
Has anyone tried TurboTenant's maintenance program Lula?
31 December 2024 | 8 replies
So, communication and assignment issues, as well as not being able to explain the maintenance issues and the required work.3) Proper documentation and quality of work issues.
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.
Marisela Arechiga
To ADU or to Purchase Another?
14 January 2025 | 8 replies
It falls short of the 1% rule which with current rates is not sufficient in most markets to have achieved real cash flow after properly allocating for sustained expenses.
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.