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4 February 2025 | 41 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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15 January 2025 | 18 replies
here are just a few:-interest rates and prices both remain high. this has really hurt cash flow across the board.
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4 February 2025 | 6 replies
It sounds like you've got a solid foundation and a great game plan, especially with your background in North Padre and passion for fishing, which could really set your STR apart.
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10 January 2025 | 8 replies
North Park buyers might love a historic Craftsman with modern touches, while La Jolla buyers want high-end finishes and panoramic views.
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3 February 2025 | 12 replies
Any trusted registered agent or advice will be highly appreciated.
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27 January 2025 | 4 replies
Quote from @Joshua Tucker: What specific tax benefits can high net worth individuals receive from building real estate on tribal land?
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27 January 2025 | 1 reply
I know a lot of investors have done very well in Peirce County but I just haven't learned or know enough about that market to make an investment there.Washington state properties are expensive and can be difficult to make breakeven let alone cash flow at this moment due to the combination of high prices and interest rates.
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3 February 2025 | 4 replies
Start at a higher price point (not too high maybe 10%-20% higher than what you expect to rent for) then each week lower it just a bit until you get it rented out.
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3 February 2025 | 7 replies
Quote from @Michael Wheeler: Highly recommend the RAL Academy.
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3 February 2025 | 4 replies
I love how they have the same apartment renting for $890 and $1,800.