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24 January 2025 | 37 replies
My name is Jaedon Carlisle.I am a new investor looking for 4-plexes and small commerical units.I currently reside in Redding as well and I would be very interested in meetups or any existing groups.As mentioned above, I have noticed very little inventory and the inventory that exists seems to be very expesnive relative to what I believe constitutes a good deal (at least in my inexperienced view).I am 26 and looking to make this my career.
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17 January 2025 | 40 replies
There were comments by 2-3 of the 7 planning board folks commenting on the speed of pushing this through and not understanding the relative priority or urgency of this specific topic.
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17 January 2025 | 11 replies
I would check your cash flow in relation to that $55k number to see if it's sufficient for you.
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16 January 2025 | 23 replies
It wasn't fun living an hour and a half from work and play, but absolutely worth it.If one is starting with relatively low living expenses, cash flow can be extremely powerful towards reaching financial freedom.
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13 January 2025 | 31 replies
Partnering with your sister’s wholesale business or working in a real estate-related role can also give you valuable hands-on experience.
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8 January 2025 | 3 replies
No...there are many reasons why installing it over the carpet will prove to be a nightmare in a relatively short period.
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7 January 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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7 January 2025 | 4 replies
We had to move fast and initially decided to sell it, the relator who was helping us somehow convinced us we should make it a rental property......... and let her be our tenant (insert face palm here) so since we had no real estate experience and we were already moved away, we agreed.
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22 January 2025 | 22 replies
I understand business is slow right now relative to recent years, I'd recommend you get a better grip on being a REI agent.
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8 January 2025 | 11 replies
Quote from @Jonathan Bombaci: This year, our management company, which oversees 700+ units in Massachusetts and New Hampshire, spent over $209,000 on attorney fees, primarily related to evictions.