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6 January 2025 | 4 replies
Pay your vehicle loan, credit cards, etc because in 12 months all of the accounts you pay out of a business checking account will be omitted from your DTI in the future.
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19 January 2025 | 46 replies
They hold all the cards.
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11 January 2025 | 9 replies
Take ownership of your mistake and learn to do the proper due diligence recommended above😊
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8 January 2025 | 5 replies
Poor communicators, poor housekeeping skills, prescription med abuse, big dogs that they couldn't properly care for, damaging, etc.
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17 January 2025 | 24 replies
Everyone knows about that, so I’ll move along.There’s also the big heart…minus the Jesus fish on the sleeve or the cards.
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21 January 2025 | 40 replies
I have a lot of bank accounts and credit cards and it seems impossible to keep track of everything.
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14 January 2025 | 329 replies
Or enter "for repairs" and take photographs of expensive new stuff for court...but they may be paying down credit cards.
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22 January 2025 | 31 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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15 January 2025 | 7 replies
Take ownership of your mistake and learn to do the proper due diligence recommended above😊
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12 January 2025 | 23 replies
OOS BRRRs are the devil's juice on this forum, but if you set yourself up properly with contracts, etc., you will come out on top just take a bit longer so you need to underwrite that in mind.If the former, I would do a combination of fixed income, private lending, and note buying and trade the arb.