Tenzapa Wakombe
"It is easy to doubt everything when you know nothing" Intro Post
24 January 2025 | 12 replies
Drop a comment below, I would love to engage and learn from you all upon your journey, and how we can help and uplift each other!
Deborah Wodell
How Do You Keep Rehab Costs Under Control on Your Flips?
4 January 2025 | 4 replies
Make sure the estimates are very detailed (scope, SF, $/sf, schedule, etc) to ensure that there is a clear dilation between contract work and change orders.
Ofir R.
50K Cash, DSCR loan, where?
26 January 2025 | 3 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.
Sebastien Tinsley
Looking to begin my journey into REI
13 January 2025 | 45 replies
Start with BiggerPockets Ultimate Beginners Guide (free).
Jorge Abreu
Creating A Blueprint: Your Real Estate Investment
29 January 2025 | 0 replies
Painting this future image will connect your investment decisions with your goals.
Ryan Goff
Grocapitus - Anyone have experience with them?
31 January 2025 | 170 replies
They did contact me asking to invest despite initially telling me it was full (space opened up, etc, etc) but I just ignored them after learning other's experience.I am happy I saved someone from this group.
Khyree Randall
Wholesaling around a 9-5
29 January 2025 | 5 replies
Quote from @Khyree Randall: I'm about to start working again soon and I'm ready to start investing in getting my first deal.
Nicolas Tow
Re Zoning Property from RS-3 to RT3.5 or RT 4
23 January 2025 | 9 replies
Did you ever rezone this?
Demario Scott
regrouping, getting back to a financial mindset
26 January 2025 | 0 replies
If I had to leave a takeaway from this post before getting too far in it would be that whatever goals are had you have, we have these goals for a reason and typically it does not go exactly as planned but even if it doesn't go as planned, we can pick up where we left off and give it a fresh start.