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10 January 2025 | 8 replies
They understand that they can bring us quality homes in great areas in exchange for us doing a quick closing with no hassles.
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15 February 2025 | 10 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 February 2025 | 8 replies
After getting the funds letter, which clearly states no appraisal was needed for this property, at the day of the closing, they came back and said no funds will be released until we get an appraisal.
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10 February 2025 | 4 replies
I've done (and others have too) seller financing where little or no cash is involved at closing.
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13 February 2025 | 5 replies
Me and my wife currently have a sonyma fha loan.I have no other dti except for my mortgage payment.
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13 February 2025 | 6 replies
With no lease or anything legit in place.
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23 January 2025 | 165 replies
The amount of ideologically inspired nonsense online is mind-boggling.
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16 February 2025 | 2 replies
is my primary home I live in it, the purchase price for the house was $145k and I put 5% down when I purchased it. i been making 6 payments The house is located in Rockford il Most likely the answer is no if you only put 5% down.
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20 January 2025 | 242 replies
I’ve invested relatively small amounts in “flyers”, and because the invested amount was small in relation to my overall portfolio chose not to perform a thorough due diligence.