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19 January 2025 | 27 replies
Itemized breakdown has ridiculous amounts for damages, thefts of toolboxes, medical claim, loss of use etc.
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20 January 2025 | 5 replies
Actual cost takes into account depreciation so complete destruction of a property could leave you under water in terms of the amount paid for the loss.
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20 February 2025 | 19 replies
No--the rental agreement could begin a reasonable amount of time after you move out.
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17 January 2025 | 9 replies
Also, depending on the amount you get from your divorce, you might have more options.
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19 January 2025 | 6 replies
Its a small investment to try both as one deal pays for them for a good amount of time
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22 January 2025 | 2 replies
Hey Erik, In my opinion, I don't think any amount of money paying for a group would ever be worth it.
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19 February 2025 | 57 replies
The amount of capital required from your savings to purchase multiple properties depends on the appreciation rates.
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27 January 2025 | 15 replies
Typically they charge a percentage of the amount saved.
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23 January 2025 | 23 replies
What I'm aiming for are turnkey rentals and trying to max out the amount of conventional, lower interest loans. again, the DTI income ratio will be IMPROVED if the property shows cash flow.
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27 January 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.