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4 February 2025 | 38 replies
@Jay Hinrichs which BTW, 6% is high.
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8 February 2025 | 13 replies
Any trusted registered agent or advice will be highly appreciated.
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11 February 2025 | 7 replies
Specifically the area I marked in yellow.Any help here would be highly appreciated.Thanks!
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5 February 2025 | 22 replies
You will not need to join CAR/NAR and I offer super high fee splits.
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13 February 2025 | 6 replies
Chances are very high that you are not claiming tax losses that you should be.There are many ways to create relationship problems and one highly successful one is mixing business with pleasure.
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22 February 2025 | 6 replies
Super new to BiggerPockets, and the forums came highly recommended for my situation!
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10 February 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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10 February 2025 | 30 replies
@John Sherwood The areas you mentioned are certainly high-demand areas, but they come with challenges.
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10 February 2025 | 6 replies
Houses in my development have sold as high as 585k, my house was appraised for 475k as is.
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13 February 2025 | 8 replies
@Micah Huffman unless you are going to commit to learning some basics about being a landlord AND are willing to commit at least 2-4 hours each month managing a Property Management Company - it's probably best you sell.Otherwise, it's highly likely you could lose more due to bad tenants and management.