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15 January 2025 | 5 replies
Is there a difference between being on the Northside vs Southside of some major street?
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19 January 2025 | 27 replies
Tell him you'll give him a call :) This is one of the reasons why we tell tenants they need to vacate the property for any major repairs.
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27 January 2025 | 56 replies
Although it was hyper competitive and timing was super critical on the majority..
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3 January 2025 | 26 replies
You're probably too late to do it for school (where your teammates could be roommates), but you'll be in a good position to do so with your teammates in minor league ball.
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15 January 2025 | 7 replies
HUD targets average rents for an area, so just like average school grades, this typically translates to Class C property rents.In our Metro Detroit market, the MAJORITY of the claims about getting higher than market rents can be traced to a Class D Neighborhood/Property.
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26 January 2025 | 32 replies
Most majority of the stuff that i found out about the company is a scam.
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9 January 2025 | 10 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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9 January 2025 | 3 replies
I personally recommend checking Columbus OH - lots of job growth, population growth, and major companies moving and developing here.
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26 February 2025 | 43 replies
And the builder was happy to pay me he was going to be in major trouble with his bank.. then one transaction I brokered a 5 mil apartment and made 2% so 100k..
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24 February 2025 | 37 replies
I'm just curious to see if there are major layoffs, not typical turnover over the next year.