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5 January 2025 | 5 replies
Some Title companies have anxiety about non traditional sales for some reason, perhaps they're uneducated.
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6 February 2025 | 16 replies
Pros: Lower interest rates, flexible access to funds, and leverage without selling your home.
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3 February 2025 | 15 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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21 February 2025 | 12 replies
I'm sure you could connect with students on campus who need a place to stay, lowering your chances for vacancy with the duplex you own.
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20 February 2025 | 10 replies
Cleveland is a good market and if you're in B class areas you'll generally have a better experience despite the lower cash flow.
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10 February 2025 | 20 replies
Rent growth has a larger impact on long term cash flow then initial cash flow.I am confident that on a 10 year hold, the higher cost market BRRRR in most markets will out perform the lower cost market BRRRR.
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24 January 2025 | 0 replies
It's OK to be more tenacious with negotiating down, and make the most out of a slowing market to buy at lower prices.
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12 February 2025 | 27 replies
The digging out has priced out much lower than we thought initially, so we’re using the additional money for an overhead sewer (the only flooding we’ve had in the 13 years we’ve lived here has been sewer back up).
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4 February 2025 | 12 replies
I would tell people today that if you buy a primary residence expect to stay in that home for atleast five years, especially with a FHA loan which has lower down payment as the current forecasts for home appreciation or very low which with closing costs on the buy and sell, it will take several years to have equity in the property and enough to be able to sell, so that is something also to consider.
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28 January 2025 | 8 replies
Getting the lower unit separately metered seems like a pain.