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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.
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22 January 2025 | 9 replies
BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.
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28 January 2025 | 9 replies
However, if you're tackling rental properties, it's best advised just to connect and work with a reliable and resourceful contractor who will shoot you straight.
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24 January 2025 | 6 replies
If you are looking for proper guidance from someone that has house hacked quite a few times and has the knowledge and experience to help get you going in the right direction, I recommend reaching out to @Josh Green.
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22 January 2025 | 1 reply
Hi, I just started using BiggerPockets and am excited to learn about the community and all the resources available.
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20 January 2025 | 3 replies
If you have experience or resources to share for navigating deals like this, I’d love to hear from you!"
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20 February 2025 | 11 replies
.✅ Flood Vents & Mitigation: Adding proper flood vents and elevating utilities can help lower premiums.✅ Private vs.
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31 January 2025 | 24 replies
Plenty of free resources to assist with this.
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27 January 2025 | 1 reply
A handy search bar in the upper right makes it easy to find previous discussions, blogs, podcasts, and other resources.
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26 January 2025 | 48 replies
Or any other resources for STR SEO if you're willing?