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28 January 2025 | 11 replies
Consult with an attorney to provide a purchase and sale agreement in your respective state with an assignment exhibit included.
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28 January 2025 | 11 replies
However, Montgomery County as of yet has not updated their forms or website, included the landlord/tenant handbook and they are still not enforcing.
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30 January 2025 | 7 replies
Tell the possible contenders you are interested in how they format their statements and what information they include.
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18 February 2025 | 13 replies
Plan to buy at 4 duplex and a single family(which includes a lot) this year.
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4 February 2025 | 12 replies
The pros include lower interest rates, flexibility, and preserving cash for other opportunities.
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15 February 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.
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31 January 2025 | 12 replies
Correct2. 100 hours could work if it's more than anyone else spent on the property including non-owners3.
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24 February 2025 | 20 replies
I want to mention that the $16k quote includes all new trim around windows & doors, a $3,500 addition to proposal.
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24 February 2025 | 21 replies
FICO is 780+ and currently have 4 other investment properties including 2 STRs in the same market we are trying to close on in West Virginia.
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10 February 2025 | 9 replies
. - Both parties share the risks, including market fluctuations, project delays, or unexpected costs. - It’s recommended to have clear agreements outlining each party’s responsibilities, profit-sharing ratios, and exit strategies. 4.