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22 February 2025 | 13 replies
And if something pops up later such as unpaid material man, or a couple of subs who received no payment and did not provide lean releases- do you go after the contractors bond money after filing for a court order to do so?
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24 February 2025 | 6 replies
Other than that no common utilities or anything like that.
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15 February 2025 | 10 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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24 February 2025 | 4 replies
Great interior pictures and someone does a drive by and exterior is in poor shape, no one in buying it.
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23 February 2025 | 18 replies
If you are not finding good deals money wont find you.If you earn a decent wage and are credit worthy you can start investing by house hacking a multi family with a low down payment mortgage.If you have no money or credit your best best is start finding deals and bringing them to other investors who have money.
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16 February 2025 | 6 replies
You have $190,000 in equity earring $7,200/year when there are no repairs and no vacancies.
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16 February 2025 | 1 reply
He prided himself on being hands-on, convinced that no one else could do the job as well as he could.One evening, exhausted from another 14-hour day, Michael met with his friend James, a seasoned real estate investor."
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15 January 2025 | 9 replies
Lastly, what’s been the biggest surprise about being a landlord so far?