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27 January 2025 | 4 replies
Many of them are posers - I smile and nod, knowing that their posing will make an impression on many who dream of quick wealth, and that their incredibly transparent bullsh** will eventually blow up in their face, leading to no lasting wealth and potentially major problems for themselves and everyone associated with them.Many of these students receive referral fees if they are able to sign up other people to the expensive ($5K+) coaching programs, masterminds, mentorships, or tribes.
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30 January 2025 | 4 replies
IE rent to a tenant for >12 mo, dating before marriage, no late payments then with a down paymetn (long story here) I'll sell on either a contract for deed (typically mobile homes on land) or a note and mortgage (regular nicer houses).
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30 January 2025 | 8 replies
I see many situations where one generation wants to buy out a prior generation or, more typically, siblings.
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1 February 2025 | 3 replies
Some DSCR lender may jump on here and say they do them but I don't like their terms typically.
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6 February 2025 | 7 replies
We’re based in Colorado, and hot tubs typically add around $10K in annual revenue.
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23 January 2025 | 10 replies
The lower the class area the higher the cashflow you should be receiving.
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12 February 2025 | 10 replies
can you layout your typical transaction with these folks its unclear from your post how these were set up.. are you a borrower and they are the first position lender on flip deals ???
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10 February 2025 | 21 replies
Typically high fees, but still half of what I was being charged by the investors edge.
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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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21 February 2025 | 27 replies
Typically, they will refer to this as the DSCR (Debt Service Coverage Ratio) of the property.