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28 January 2025 | 15 replies
The Landlord will verify that the rental is empty of all personal belongings and trash and that there is no damage beyond ordinary wear and tear.
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4 February 2025 | 6 replies
Additionally you can always write in what was done to correct it and explain that since then you no longer had issues.
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30 January 2025 | 45 replies
No one has a "crystal ball" to time the market perfectly.
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23 January 2025 | 7 replies
With one small exception on VA loans, there is no getting around the due on sale clause.
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31 December 2024 | 9 replies
You have decent cash flow that you'll continue to accumulate, which you could put toward a deposit later for another property.
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28 January 2025 | 27 replies
I think because so many do not have the skill set to navigate this community, they feel no one else can win.
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27 January 2025 | 12 replies
@Albert Gallucci as many have pointed out, in the commercial space of 100+ apartment buildings and offices, property classes have some pretty decent industry standards.We started applying these to 1-4 unit properties around 10 years ago, which you can verify on our blogs, because we saw too many newbie investors not properly taking into account things like, neighborhood status, tenant pool, property condition, etc.Unfortunately, there's no industry standard for this, but you can use some basic logic to think your way through your own Classifications.
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29 January 2025 | 16 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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21 January 2025 | 11 replies
No agents involved.
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5 February 2025 | 15 replies
I leave the laminated note plus the croissant and no flowers.Local goodies win out over anything else you can provide.Thanks, Carolyn.