Shayan Sameer
Advice Needed: HML vs. Business Loan or Credit for Fix & Flip Projects
9 January 2025 | 6 replies
There are plenty out there with fair rates and lower fees.
Somesh Mukherjee
From Toronto, looking to invest in Ohio!
30 January 2025 | 19 replies
I was looking for some advice (viable target areas in Cleveland or Ohio in general, financing options and credible PM/realtor contacts) from the experts here though especially if you are in a similar boat as mine (reside in Canada/Ontario area and invest in US).
Sarah Ali
Found potential first property - need help on how best to approach selelr
25 January 2025 | 6 replies
Regarding price, do you have any suggestions on how I can get him to agree to a lower price?
Evan Thomas Andriola
Finding tenants in Cleveland
2 February 2025 | 6 replies
If you're using a DSCR loan to purchase the home, most lenders use the lower of the lease agreement or 100% of the market rent from the appraisal form 1007 to determine the DSCR.
Jerryian Francois
CA N I US E A 203 K To Fund A Rehab In
30 January 2025 | 8 replies
If you have equity and decent credit, a conventional Fannie Mae HomeStyle (or the Freddie Mac version) would likely be the better option instead of an FHA 203k loan (which will require a 3rd party HUD consultant to oversee the deal in addition to having the contractor involved).
Tove Fox
Nevada, Ohio, Michigan, Pennsylvania Out of State Investing
20 January 2025 | 22 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.
Danielle Levy
Filing lawsuit against property management company
29 January 2025 | 20 replies
It's not worth hiring a lawyer but as you suggested, small claims court may be an option IF you hired them in your personal capacity OR if your jurisdiction allows LLC owners to go to small claims and represent the LLC in court (many, most?
Sara Valentine
Why am I NOT getting any inquiries on my midterm rental?
16 January 2025 | 10 replies
I have lowered the price significantly this year.
Alex Silang
Umbrella insurance but no personal residence insurance?
30 January 2025 | 3 replies
I am a land lord but don’t own my residence.What are my options?