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18 February 2025 | 148 replies
However, the reality has proven to be quite different, and I am feeling deceived and deeply frustrated.I am prepared to pursue this matter further, including with media outlets if necessary.
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14 February 2025 | 1 reply
I've learned a lot in general and I can see that this is a great community.
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18 February 2025 | 13 replies
Over this time I have acquired my contractor team and have vetted them through my job as a property manager, figured out my strategy(Off Market/Deep buying) and location.
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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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19 February 2025 | 19 replies
This brings back memories!
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14 February 2025 | 6 replies
This is going to bring my mortgage payments to around $2.3k per month.
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12 February 2025 | 20 replies
You have to include the cost of your time and the work, especially on a "scary house" is daunting indeed.
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2 March 2025 | 20 replies
I can't buy a single family home in this area as I am priced out.
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12 February 2025 | 8 replies
Its possible in your area that garages and parking are more valuable than units - this is your appreciation.