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31 December 2024 | 3 replies
Are they part of the pref equity position?
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14 January 2025 | 8 replies
This creates a negative initial position.
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23 January 2025 | 4 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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25 January 2025 | 8 replies
I've stuck with the tried and true reasons I've heard to keep my search ranking high (quality photos, stellar reviews, updates to my listing) and that helps but in slow season, when I'm not willing to cut my rates as much as some of my competitors, it can be a ghost town.
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15 January 2025 | 9 replies
My suggestion would be to select someone with the most forum posts or most reviews.
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18 January 2025 | 1 reply
Those positions are hard to come by but if you can find one and get your green card, you're set!
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22 January 2025 | 14 replies
has anyone had positive/negative results in dealing with a company called 212 Loans?
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20 January 2025 | 2 replies
We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).
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6 January 2025 | 7 replies
On a positive note we did build a new house to the specifications of a specific tenant.
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12 January 2025 | 23 replies
Interview a few PMs, ensure they align with your goals, and stay involved by reviewing monthly reports.