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26 January 2025 | 9 replies
We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).
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7 February 2025 | 16 replies
It only has positive cash flow due to concessions by the seller that will last about 2 years.Property values have seemed to drop in that area, so I'm doing something different by requesting a reassessment of my property taxes.
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14 January 2025 | 23 replies
State your legal theory if you choose to take an adversarial position.
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6 February 2025 | 2 replies
Defaulted SFR loans - 1st position only (this has been our bread and butter over the years and we will continue to play in this space).
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21 January 2025 | 16 replies
One of my goals this year was to take actionable steps into jump starting my real estate journey, so here I am, taking that first step.A little about me: I'm a San Antonio native that lived out of state for a couple of years but has migrated back home.
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21 January 2025 | 14 replies
I do generally agree that once someone has their person, they are not going to be very open to switching. but if you can prove yourself with someone building that team, you may find yourself in a great position.
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5 February 2025 | 10 replies
I found myself in a similar position to you about 10 years ago.
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14 January 2025 | 0 replies
Use Automated Follow-Ups to Build RelationshipsMost deals aren’t closed on the first contact, which is why follow-ups are essential.Example Workflow:Day 1: Send a thank-you email after a seller contacts you.Day 3: Share a case study of a seller you helped.Day 7: Send a friendly reminder with a call-to-action like “Let’s schedule a quick call to discuss your options.”Pro Tip: Mix email and SMS follow-ups to keep the conversation warm.Why It Works:Automation saves you time while nurturing leads until they’re ready to sell.3.
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19 January 2025 | 2 replies
That was some time ago and opinions do change but last I had heard it was positive.
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31 January 2025 | 7 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.