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21 January 2025 | 13 replies
It's great for a landlord if the tenant is properly screened.
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14 January 2025 | 2 replies
How would you recommend, or what resources would you refer for us to properly figure out how we spend our time and appropriately get compensated for it?
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27 January 2025 | 1 reply
A handy search bar in the upper right makes it easy to find previous discussions, blogs, podcasts, and other resources.
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23 January 2025 | 14 replies
Obviously each deal is unique and requires proper due diligence.
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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.
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30 January 2025 | 8 replies
Minimal changes to effect common entrances, no major shifts in load bearing, easy plumbing changes for wherever the new kitchen would be... it's a lot of boxes to check.
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23 January 2025 | 3 replies
It is very easy and doesn't have to be contentious. just follow the steps.
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4 February 2025 | 13 replies
@Andrae S Wiggins recommend you upgrade your BP membership to Pro to access the BP Calculators to evaluate rental purchases.Play with the numbers to figure out the purchase price that gives you your target ROI.That's the number you'll need to make an offer at, NOT what the seller is asking.Yes, you will get a lot of rejects, but whoever said investing was easy?
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8 February 2025 | 8 replies
Dont take the easy way out and sell the house.