Jacob Riddle
Hey everyone!! im new and READY. located in flint
26 January 2025 | 5 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.
David Switzer
Question about ADA (no one seems to be doing it?)
14 January 2025 | 5 replies
Stairs are the only way to get in, no grab rails in the bathroom, ramps that are too steep, etc.From what I've read, all commercial businesses/buildings (including ones before the ADA was passed) have to comply with the rules, unless it would be outrageously tough to fix (like installing an elevator in an already built building).Are all these local business just not complying and taking the risk, or am I missing something?
Natalie Gelbke-Mattis
Ready to scale our hospitality portfolio
21 January 2025 | 2 replies
Our buy box specifically focuses on vacation destination accommodations - including boutique motel/hotel, campgrounds, treehouses, cabins, etc.
Al Jecius
Thinking of setting up a backyard wedding venue...help
16 January 2025 | 3 replies
Just make sure you have all the required permits, including alcohol.
Jonathan Sanchez
Pricing Strategy - What is your approach?
16 January 2025 | 13 replies
@Garrett Brown I mainly use Pricelabs and it has been a great tool.
Chinku Chinku
Need Advice on refinance and long term plan (First Time Investor)
23 January 2025 | 8 replies
So eventually this negative cash flow property becomes cash flow positive and pays for itself including property taxes, hoa, mortgage etc.Trying to calculate how bad is my investment here or should i sell out if there is appreciation
AJ Satcher
Single HVAC System In a home with 2 units. Smells go right through duct-work!
15 January 2025 | 2 replies
I know hosts have included additional cleaning fees for violations as a deterrent.If none of these solutions work, you could look into completely independent HVAC systems for the two units, though that would be a bigger upfront investment.
Wiley Hood
Are DIY cost segregations a good idea?
12 January 2025 | 28 replies
Here's a https://www.irs.gov/businesses/cost-segregation-audit-technique-guide-chapter-4-principal-elements-of-a-quality-cost-segregation-study-and-report to the IRS website noting specific items that are included in the cost segregation study report. hmm, that website is a 404 error.
Linda Thomas
security deposit deductions letter
2 February 2025 | 5 replies
Send it to every address they give you including the current rental assuming it will be forwarded to the address they gave the post office.
David Torreggiani
Wholesalers Dallas or Houston?
10 January 2025 | 5 replies
Quote from @Pablo Avila: There are plenty including myself!