Dylan Watts
Single family rental unit with a pool
14 January 2025 | 7 replies
Most won't insure pools with diving boards or ones without a VGBA drain.2) Include the cost of a pool company to manage the pool in the rent.
Zongfu Li
Kiavi is the worst lenders I have been working with
15 January 2025 | 11 replies
You don't need a mortgage broker, just a reputable, competent direct lender that will ask the important questions upfront to properly screen your deal.
Patrick OHalleran
Feedback on The RealEstate CPA group (Hall CPA)
16 January 2025 | 6 replies
Additionally, the estimate for my tax preparation for this year was approximately $1,000 over the cost I paid last year (including the time I paid for them to correct their errors).
Nate Pucel
How do you determine depreciation basis on a renovated rental?
3 January 2025 | 5 replies
@Nate Pucel The depreciation basis for a rental property includes the purchase price plus the cost of renovations and improvements that add value or extend the property's life.
Thomas Farrell
BRRRR with ~400k Capital
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.
Chris Hertig
Tenant Living in Garage/Shop!
14 January 2025 | 4 replies
The violations would include 'the personal occupation of a garage as residence' while asserting to police that he didn't live in it, along with the power overloads due to use not in keeping with a garage rental.
Jeff G.
What are some warning signs that an area is slipping from C class to D class?
7 January 2025 | 19 replies
Are you attractive tenants that meet your screening criteria readily and keeping them as long as you budget for (vacancy rate)?
Robert Ok
Best Real Estate Coaching Programs
14 January 2025 | 11 replies
Books like “The Millionaire Real Estate Investor” by Gary Keller, “Rich Dad Poor Dad” by Robert Kiyosaki, or “The Book on Rental Property Investing” by Brandon Turner can give you a solid foundation in REI strategies, including wholesaling.Most of the content offered in coaching programs can be found in books, free webinars, forums like BiggerPockets, and YouTube channels.
Adonis Williams
Inquiry: Mortgage Interest Rate with Point Buy Down
14 January 2025 | 6 replies
@Adonis Williams, you've received great comments: It depends on so many things, including FICO, LTV, type of loan, etc.
Paul Hearn
New Investor friendly Agent Intro in the Memphis Area
6 January 2025 | 1 reply
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