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11 January 2025 | 19 replies
I taught myself Spanish, I already know the construction crews in the area, the realtors, the communities, the land, I have someone managing the property, I have a maintenance crew… I already did an incredible amount of the work involved in finding a deal and turning it around through reconstruction and proper management.
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2 January 2025 | 29 replies
You can check the NMLS for licensing (some servicers will operate without being properly licensed in that state).
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2 January 2025 | 10 replies
Now, ca n you learn to properly do creative financing from a mentor/coach/investor - of course.
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30 December 2024 | 6 replies
If you have a business entity(you want to properly track money going in / out from its owners).They will likely be classified as contributions / distributions.Best of luck!
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22 December 2024 | 24 replies
We're both market participants, none of us know the future we just speculate.Do you think the Sep/Oct sales increase will extrapolate over duration if rates get back there?
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10 January 2025 | 22 replies
Section 8 is a nice program, but you will get low IQ tenants who don't know how to clean properly.
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12 January 2025 | 25 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 | 24 replies
Also reality is the only time you will get nailed for not managing deposits properly is if you use that money.
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26 December 2024 | 2 replies
Make sure you have properly served the notice and you have "Proof of Service" properly filled out.
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10 January 2025 | 28 replies
I disagree with your sentiment about a bull market correlating to my genius I just manage risk properly with a model I have ran for years and in the past month / month and a half have made almost another 100,000.