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24 January 2025 | 6 replies
MLS-listed deals are a bit harder to find, so investors here have had to get more creative in sourcing deals either through their own hustle (door-knocking, website, direct mail, driving for dollars) or finding good wholesalers to feed them deals.
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23 January 2025 | 10 replies
More doors means less vacancies and it might motivate you to save up and buy a new SFR when you are ready to settle down.
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21 January 2025 | 59 replies
It’s on MN (out of state to me.) and I had to get a pair of garage door springs replaced.
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24 January 2025 | 3 replies
You and the wife could live in 1 side and you could rent the other doors out.
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13 February 2025 | 95 replies
If anyone has their hand out for money at the door, it's to make money!
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24 January 2025 | 13 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 | 88 replies
Now if your interpretation is cash flowing enough to quit your job that is another conversation. 20 or 30 properties at 1k a month a door, if managed properly is a great revenue mark in my book.
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22 January 2025 | 1 reply
Laundromats that are next to (same building) or attachedwith an access door to a coffee shop, cafe, etc are the best ones to get.
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28 January 2025 | 14 replies
So she took that extra space, added a wall and a hidden door and poof!
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28 January 2025 | 14 replies
Eddie Speed and NoteSchool say they have access to thousands of notes through mutual fund purchases by Colonial Funding, but I seriously question that they actually do, or that members get to purchase them.