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6 January 2025 | 5 replies
The majority is RE agents & associates desperate for business, predatory and awful.
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8 January 2025 | 29 replies
Under $100k, were talking Old, beat up, it's coming with issues and the vast majority of time there is hidden uglies that come out later.
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18 January 2025 | 12 replies
The deferral is all on major capital expenditures, roofs, HVAC, Water heaters.
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3 February 2025 | 32 replies
Thats a great way to profit of $177K in a year but she did know the contractors and the has an eye for those type of quick turn arounds.You will see multifamily 2-4 units a ton of duplex 2 units for under $250K again these are usually not turnkey fully renovated properties but they will pass an appraisal without being subject to any major repairs.
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13 January 2025 | 31 replies
Live way below your means and save the majority of your income.
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29 January 2025 | 23 replies
There's also a major university there, Ken Griffin just moved Citadel hedge fund down there, and the technology entrepreneurial landscape is opening up as well.
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5 January 2025 | 1 reply
The vast majority of new construction, especially in Denver metro and the surrounding communities, has been multifamily and townhomes.
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4 January 2025 | 14 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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7 January 2025 | 28 replies
With my LTRs I have been switching to all tenant paid utilities after my first winter where I discovered the majority of my tenants were setting the heat at 78 (which is unreasonable in Northern New Hampshire) and leaving their windows open in -20 degree weather.
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19 January 2025 | 11 replies
The market still has relatively low entry points compared to other major cities, making it possible to find multifamily properties like duplexes and triplexes in the price range you’re targeting.