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25 January 2025 | 6 replies
I would greatly appreciate any guidance, resources, or recommendations you may have for someone in my position.
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25 January 2025 | 25 replies
But really you’re just creating a second job for yourself and one that doesn’t pay very well if it even is cash flow positive at all 😆I used to buy houses for STR but now that I’ve got several STRs up and running that I bought many years ago, I stopped buying STR once mortgage rates went up and housing prices went up.
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28 January 2025 | 8 replies
Thank you @Drew Sygit, I hadn't considered the lien position of the lender in regards to the land.
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26 January 2025 | 8 replies
There was positive population growth, medium home price growth, low unemployment, good rent to home ratios, and low crime, all of which are factors when I start looking into an area to invest in.
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26 January 2025 | 48 replies
It has been frustrating but it also is a positive as I now can quickly know what deals to not even waste time on analyzing.
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26 January 2025 | 5 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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3 February 2025 | 7 replies
I admire your steadfastness and perseverance during those volatile, uncertain times and continuing to have a great, positive attitude.In regard to REI investing currently - There are great real estate investment opportunities across different markets, especially in the Midwest and Southeast.
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20 February 2025 | 11 replies
I agree that demand and the house staying dry during Hurricane Milton were positive signs.
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22 January 2025 | 4 replies
Who has first position now?
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24 January 2025 | 10 replies
Be positive - I would guess that over 95% of our clients complete their exchanges with properties they like.