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6 February 2025 | 12 replies
I would highly recommend you listen to all the podcasts from Kenny Bedwell - Cashflow Positive.
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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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5 February 2025 | 10 replies
I found myself in a similar position to you about 10 years ago.
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3 January 2025 | 8 replies
Our end goal is to be in a position where we can be very selective and choose the clients and properties we work with so that doesn't happen.
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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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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.
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27 January 2025 | 7 replies
Also I have not worked out the financing yet. if I just use my cash then the Cash on Cash drops to 8 or 9% and that would be below my Cash on Cash target.Generally speaking and of course just numbers I picked out of the air for reference when running numbers in my head, I am looking for Cash on Cash greater than 15%, high probability of long term occupancy, and no expected major Capex for 2.5 years after purchase and purchase time repairs which I would add into the cash on cash evaluation before pulling the trigger.So there are some more details to be worked out in my head but being it is my first one and only learning what I could from youtube videos I thought I would get some feedback.With all that said, in my head it seems like it could be a good start.Thanks again Jaycee and Gavin for your feedback.
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31 January 2025 | 121 replies
I see the benefits in it, but not at my current position, I have lots of losses currently and do not need that benefit right now.
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4 February 2025 | 7 replies
I know what it’s like to be in your position, and I believe in paying it forward.
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18 January 2025 | 1 reply
Those positions are hard to come by but if you can find one and get your green card, you're set!