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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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28 January 2025 | 14 replies
So all my deals I put together or the vast majority had notes on them.
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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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13 January 2025 | 31 replies
Live way below your means and save the majority of your income.
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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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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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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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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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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.