Tom Borton
Help me analyze: Potential STR mountain cabin build (Packwood WA)
10 January 2025 | 14 replies
We got a bit delayed in the permitting process...We had to get a geotechnical report done due to a slope on the back side of the property, but are now back in process again.
Unal Baris Kancoglu
HVAC is red-tagged. Need to replace it as quickly as possible.
15 January 2025 | 11 replies
I imagine cost of labor might be a little bit cheaper in Idaho compared to Connecticut as we ended up paying 10k for gas furnace and 5k for AC with 10 yr warranty for Lennox product.
Sean Doyle
Best Section 8 Markets
9 January 2025 | 30 replies
It's not free government money being given to careless, loafing, dead end residents.
Ricky Hernandez
Turning a New Build into a Rental Property
6 January 2025 | 7 replies
We ended up selling those properties.
Holly Thorsen
Lending question re: HELOC/loan options
31 January 2025 | 5 replies
Sorry to jump on the back of this original post but I have a follow-up question to this response.
Zach Howard
New, hungry, eager to start while also patient. Large risk appetite.
10 January 2025 | 17 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.
Abigail Lincoln
Realtor and Investor in Georgia!
17 January 2025 | 5 replies
I live in Lawrenceville, GA and am beginning my first house hack, working to purchase another property by the end of the year.
Allende Hernandez
Do you run screening in all the potential tenants?
22 January 2025 | 16 replies
It makes sense to me but I foresee that to be a contentious point, even more if they end up not getting the rental.Thank you in advance!