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15 January 2025 | 14 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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9 January 2025 | 1 reply
So, questions: (1) How do I properly introduce myself role when calling a seller and cash buyers?
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8 January 2025 | 27 replies
But we can only assume since you stated this does not have to be disclosed because the work has been repaired, that you have confirmed the reapirs were done properly and in acccordance with any and all codes.
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21 January 2025 | 74 replies
They are very up front about the whole process and all the details.Before I go on, I want to make it clear that I am a small time entrepreneur and am in no way affiliated with the Capital Syndicate, Awesome REI or anyone else associated with this course.I bought the Capital Syndicate course because I wanted to see if I could apply it to a specific niche market.I bought all the add ons because I wanted to make sure I gave it every shot to work properly and because they offered a 30 day money back guarantee.
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17 January 2025 | 20 replies
That said, the fewer units a property has, the easier it is to manage, so smaller multifamily properties can offer a good balance between cash flow and simplicity.
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30 January 2025 | 24 replies
And actually, if you structure things properly you shouldn't have to worry about the tax implications at all.
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8 January 2025 | 0 replies
If want to chat more, please let me know and I can make the proper connections.
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10 February 2025 | 29 replies
The group now has 30 members with discussion around negligence, mishandling of funds, fraud, and residual damages.On 6/26 my attorney sent a demand letter to Jeff Swiecicki requesting immediate payment of the balance owed.As of 6/30 Jeff Swiecicki has refused to pay back rightfully owed funds and refers us back to his 6/4 email to wait 90 days.
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9 January 2025 | 8 replies
The market will naturally balance itself.
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27 January 2025 | 12 replies
Gaining valuable insights into the local market.Always consider that Jackson County has a LOT of variability in KC proper and then uniques submarkets of LS, BS, Independence, Raytown, Grandview, etc all with their own local city governments, rules and regulations, each with their own uniques submarkets of their own...Happy to chat and share my knowledge and experience.2.