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3 February 2025 | 1 reply
We completely gutted and finished the basement including adding a kitchenette and 3/4 bath, moved out and are now renting both apartments.
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5 February 2025 | 9 replies
The one who thinks that they are masters of the universe in EVERY area of life, has 30 different businesses, claims to be fit as a fiddle, with a life in perfect harmony, shows off huge toys, has 30 different businesses, including selling their time by the hour to provide coaching... this person is not running a real estate syndication business.
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11 February 2025 | 9 replies
For marketing, you enter property details and photos and they submit to all big sites including FB marketplace, Zillow, Realtor, and Zumper.
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22 January 2025 | 20 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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5 February 2025 | 1 reply
Upgrades included modernizing interiors, updating plumbing and electrical, and enhancing curb appeal.
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5 February 2025 | 0 replies
The renovation process included modernizing outdated features, updating plumbing and electrical systems, and enhancing curb appeal.
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6 February 2025 | 2 replies
Continue renovating my current house--big projects would include finishing the basement (adding a bedroom/bathroom/living rm space) and putting new siding on (the current siding is probably the original).
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11 February 2025 | 7 replies
This link is the latest guidance and includes a process you can follow to screen and approve service or support animals: https://www.hud.gov/sites/dfiles/PA/documents/HUDAsstAnimalN...4.
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5 February 2025 | 0 replies
My primary goal is to find the most cost-effective solution that minimizes tax liabilities, including avoiding property tax reassessment and maximizing the step-up in cost basis.
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23 February 2025 | 10 replies
One time when I bought on owner financing, I totally forgot that I didn't have property taxes included in my interest-only payments to the seller.