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14 February 2025 | 4 replies
We constantly get the comments that it is much better than it looks which I prefer.So here are some links to read up on the topic @Mark Mileshttps://www.zillow.com/learn/how-to-make-a-virtual-tour-for-...You can go over to - https://matterport.com/ and create a free account.
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3 February 2025 | 15 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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24 February 2025 | 10 replies
It is your responsibility to find the right answer, give a clear expectation to people you hire, learn about the house and industry.
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24 February 2025 | 6 replies
I look forward to learning from the veterans here....My interest is mainly in STR and LTR investments with the goal of eventually replacing the income from a tech job i left recently...
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12 February 2025 | 0 replies
Lessons learned?
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4 February 2025 | 17 replies
I learned a lot, feel more confident and am pleased with the outcome.
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10 February 2025 | 9 replies
I learned through Pace's content that I am an integrator through his Avatar series.
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3 February 2025 | 1 reply
The more deals you’re part of, the more you learn about:✅ Structuring deals✅ Managing risk✅ Negotiating with partners✅ Handling financingTaking part of a good deal helps you build real-world experience that will pay off big in the future when you do bigger and better deals.3.