Kenny Smith
November by the numbers....
2 December 2024 | 1 reply
Event with all that the sale prices have been over the list price on average close to 1.5% over, which would seem a bit counter.If rates end up dropping a decent amount at all the prices could rocket even with inventory growing again.
Robert Quiroz
Buying with cash vs financing
2 December 2024 | 33 replies
I'm looking at MFH $450k and up in the Ohio markets (Dayton, Cleveland and Columbus).Cash:- Higher CoC returns- No risk to being having negative cash flow with a loan (excluding capex)- Buying/negotiating power with speed of transaction - No interest payments- No risk of foreclosureFinanced:- Possible exponential equity growth - Growth of initial investment is leveraged ~4x and most likely beat inflation in a decent area- Mortgage interest tax deductions - Better financial efficiency from more doors- Better diversification across more properties Are there other considerations I'm missing?
Shelby Ek
HUD homes activating utilities for inspection or apprasials
8 December 2024 | 19 replies
Assuming we get a decent tenant in there, I'm happy with the deal and will be looking to do it again next winter. :) Full steam ahead!
Dan Zambrano
My Journey to $20M in assets
7 December 2024 | 60 replies
I have moonlighted for several Architects and through hard work and good fortune stumbled on an opportunity to become an apprentice electrical engineer. 10 years later I am a senior engineer, together with my wife, have a decent portfolio of Real Estate.
Joe S.
What are your thoughts about Prenuptial agreements?
6 December 2024 | 51 replies
🤣I had a friend that had been buying and selling properties for years and had a decent net worth.
Christopher Warren
Multifamily Mindset $40k ????
10 December 2024 | 26 replies
Kind of like todays guy Pace Morby lots of BP folks take a shot at him but I bet he has made well over 50 million selling his system.
Nate Astrup
👎All County NEO Property Management - worst PM in Cleveland Ohio
2 December 2024 | 9 replies
Will add though, that a good PMC will immediately alert an owner about what their property really is and the expected challenges.Unfortunately, a decent portion of the time we do this, owners either don't want to believe the Evaluation Video we send them or decide to sell.
Lolo Druff
Looking to buy my first investment property
15 December 2024 | 30 replies
Section 8 tenants are another way to secure rent payment with government backing.The Midwest is a solid market for rent growth, cashflow, and decent appreciation.Look at a market like Lansing, MI.
Kris Lou
Tired of my money not working for me in Toronto, Canada - looking to diversify in USA
5 December 2024 | 7 replies
: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.
James Kerson
Would You Use A Discount Broker? Calling All Flippers/Investors
2 December 2024 | 2 replies
I personally wouldnt work with a discount broker on the list side as there is a decent amount of money that goes into presenting a good listing.