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13 January 2025 | 15 replies
Greatly increased lending capital by transitioning from a ‘blind pool” fund to a series LLC / syndication model where investors know the property lending deal before committing to any loan and can “pick and choose” whichever loans they do or do not want to participate in.
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22 January 2025 | 39 replies
I'm paintimg all my doors, cabinets, and baseboards semi-gloss, specifically so I can wipe them down easier.
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16 January 2025 | 31 replies
If you have just one business it's not too bad(My wife uses it for hers) but it starts to get really expensive if you have a lot of doors and or multiple businesses.
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29 January 2025 | 31 replies
Appraisal fee seems very excessive if this is not more than 4 doors.
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16 January 2025 | 7 replies
I had to replace doors, carpets, repaint.
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18 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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9 January 2025 | 7 replies
You've listed the "big three", and those are all that are needed for most MTRs, especially if you have a limited number of doors in an area.
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3 February 2025 | 27 replies
I started by building a 12-door portfolio using the BRRRR method and self-managing initially.
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26 December 2024 | 18 replies
The crash caused significant structural damage, and the driver fled the scene, later reporting the vehicle stolen.
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12 January 2025 | 8 replies
Also measure the profit per door and fix or sell the dogs.