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2 February 2025 | 9 replies
First off, pardon me if I misunderstand things given the limited amount of information I have, but there are 2 things right off the bat just from your description that could be contributing to your issue: 1) a 2nd floor unit - I had a similar setup for a duplex I owned in St.
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22 February 2025 | 23 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.Section 8: Rents are too high for the program and cash paying tenants are better overall.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 yearsSection 8: Rents are usually too high for the program.Class C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
27 January 2025 | 8 replies
Welcome to the community and be ready for a huge amount of information at your finger tips.
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3 February 2025 | 32 replies
That amount varies a lot.
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28 January 2025 | 42 replies
Quote from @Pietro Gaglio: Residential assisted living facilities need to keep track of various data such as vitals, bowel movements, and amount of food eaten.
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13 February 2025 | 95 replies
A lot of it has to do with typing the least amount of words, so I leave the roses and incense out.
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29 January 2025 | 8 replies
I Income: The amount of property you can buy will be dependent on your Debt to Income ratio.
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18 February 2025 | 17 replies
Thanks in advance.Hello David,I believe SBA loans downpayment amount may be dependent on lender??
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22 January 2025 | 0 replies
The exact amount varies by lender but is usually around $5,000 or more.Recalculation: After you make the lump sum payment, your lender will recalculate your monthly payments based on the reduced principal balance.
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5 February 2025 | 14 replies
For smaller investment amounts, we often see investors providing private loans or notes to other investors for their projects, which can offer attractive returns with the right due diligence.