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14 February 2025 | 43 replies
Hands down other than major developers hedge funds and big time syndicators the biggest money in real estate today is the successful Guru trainer etc..
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16 January 2025 | 0 replies
By and large, QI's have very high ethical standards, and are sometimes overlooked as the engines of this tax saving tactic.]REPUTATION MARKERS 📊INDUSTRY STANDINGMembership in professional organizationsLeadership roles in FEAEducational contributions to the industryRelationships with major title companiesCLIENT RELATIONSHIPS 👥Testimonials from CPAs and attorneysReferences from title companiesLong-term client relationshipsTransparent fee structuresRELATIONSHIP RED FLAGS 🚩Overly familiar with your realtor/brokerKickback arrangements (illegal!)
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13 January 2025 | 31 replies
I do the majority of my leasing on Facebook and Zillow and I never ask for an ID.
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19 January 2025 | 9 replies
This lead to piecing together payments here and there and drastically slowed the construction process and major cost overruns.
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17 January 2025 | 22 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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3 February 2025 | 56 replies
Detroit has so many features that make it the obvious stand out as America's next major Metropolis.
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18 January 2025 | 1 reply
With an 8% mortgage rate, they would pay more than $650k in interest.One major problem for both buyers and owners beyond mortgage rates is the rising cost of property tax and insurance.
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19 January 2025 | 10 replies
The big pros are the strong job market (lots of major employers), good population growth, and still-reasonable entry prices.
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20 January 2025 | 8 replies
But then again a large swath of syndicators that jumped in when they did have had major struggles to full blown liquidation and 100% capital loss's..
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16 January 2025 | 6 replies
I’m naturally inclined toward this area because it’s within driving distance of major west Coast cities (L.A., San Diego, and others)—making it feel like a “natural” choice for a regional traveller wanting to get away for a short weekend.