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10 January 2025 | 20 replies
And this is why you fix your DTI issue, so you can do things properly and not get "creative" and learn the hard way.
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14 January 2025 | 19 replies
I think they've done a great job of building their product and if you already have a property listed on Airbnb, it's super easy to import to MiniStays (though it's not difficult to list your property there if you don't.)
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7 January 2025 | 5 replies
Place these footings strategically after you have jacked the house up to proper level.
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23 January 2025 | 52 replies
Better spammers - the ones that aren't trying to sell goulash in Cambodia - will ask some type of question first before responding with their own products.
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11 January 2025 | 6 replies
In other words, you would have already invested thousands prior to the auction just to research the properties and their titles.What is your recommendation because without doing a proper title search (which sometimes takes weeks and passes the auction date), how would you know if what you're buying is a good investment?
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15 January 2025 | 7 replies
Take ownership of your mistake and learn to do the proper due diligence recommended above😊
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10 January 2025 | 17 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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13 January 2025 | 10 replies
I want to stop being pennywise pound foolish and get things set up properly.
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1 January 2025 | 4 replies
I've had lenders offer products I didn't know were out there for buying certain types of properties as well.
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5 January 2025 | 17 replies
Never should you be paying 2.5 points on an FHA product.