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27 January 2025 | 11 replies
Once you sign up there’s a ton of other systems (Freedomsoft, Prycd, Mailers, LLC, phone lines etc)he recommends that you get in order to do his program successfully.
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10 February 2025 | 12 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 | 68 replies
Sullivan recommends the cooperative ownership model as the ideal structure for MHPs what is stopping you from forming either a high or low equity co-op and purchasing the park from SCI?
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22 January 2025 | 31 replies
I talk to so many people who regret not getting a PM up front because they are having problems or high eviction rates doing it alone.
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6 February 2025 | 10 replies
The majority of the messages are requests for early/late checkout, recommendations, and misc items.
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31 January 2025 | 3 replies
Although I had heard about them allover online, I was not sure how to find one.
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3 February 2025 | 26 replies
I am posting here because I am looking for some advice or recommendations from other investors who can recommend a lender that they had a pleasant experience with.
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31 January 2025 | 2 replies
If you want to manage your own properties, I would highly recommend buying within an hour of your primary.
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13 February 2025 | 3 replies
I do SMS, cold call, mail, online, wholesalers, etc.
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14 February 2025 | 1 reply
Loan had high terms of 9.5% calculated to 20 years and a balloon payment on the 3rd year coming up this April 1st.