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14 February 2025 | 43 replies
Paying a reasonable amount to assist in one's life improvement is not a bad thing, just don't do nothing else thinking this one thing is the 'cats pajamas' as DG likes to say.
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25 January 2025 | 6 replies
Analyze the property and determine what price you are willing to pay, then offer that amount.
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17 February 2025 | 15 replies
That is something I would for sure have to look into as, according to your post, it seems like the timeline for mid-term rentals kind of lines up with the amount of time that we would be gone each year, which would work out well and probably require less of a hassle of trying to maintain the property after each stay for Air BnB.
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25 January 2025 | 17 replies
With the amount of support they provide I am not against settling for an 8/10 deal.
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11 February 2025 | 20 replies
Easy Street is a good option BUT you need CASH in liquid checking/savings for down payment of 20% and BIG chunk 2-3 times loan amount to buy out of a prepayment penalty.
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23 January 2025 | 15 replies
You can select the amount of the deductible, usuallyranges from $500 to $5,000.
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29 January 2025 | 16 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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29 January 2025 | 28 replies
Both are excellent platforms which save people immense amount of work and tme by compiling all the critical data you need in 1 place but there leads are way behind the county recorders/courts/notices i.e the source of most motivated seller leads.
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30 January 2025 | 12 replies
I currently use Followupboss, prop stream, I alternate between calltools and mojo, I've also tried smarter contactIm looking for a CRM that incorporates all of this but Im not paying a crazy amount.
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25 January 2025 | 8 replies
Provide them proof of your ability to find, fix, flip (or whatever strategy you plan to use), and then start with small amounts of their money.