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22 January 2025 | 5 replies
I was briefly with realize properties, ERA, and lastly went with Heart and Home.
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22 January 2025 | 0 replies
I mentioned these in my last post, Design Trends for 2025.
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24 January 2025 | 0 replies
The last one I dealt with for the past two weeks, is a large corporate cash buyer that just admitted that they need 90-180 days to close on a deal!
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20 January 2025 | 23 replies
I am trying to purchase a mobile home park that is already in a system of Mobile home parks that profit 87 percent for the last 15 years.
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28 January 2025 | 16 replies
The final straw was just last week when tenant randomly attacked my competency in my professional career.
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26 January 2025 | 43 replies
Seller decided to back out at the last moment for some arbitrary reason and just didn’t show up to closing to sign the docs.
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26 January 2025 | 15 replies
In the last 5 years, we've invested over $300k of savings toward down payments and rehabs.
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22 January 2025 | 31 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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20 January 2025 | 1 reply
We recently relocated to Phoenix last summer and I'm starting to look for recommendations for local credit unions here in Phoenix which are trustworthy, low rates, personal touch, easy/simple to work with, etc.
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16 January 2025 | 2 replies
Used PSI last year, they did a bad job, the snow wasn't even bad last year and with several attempts asking them to do better within the terms of the contract, they still sucked.