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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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6 February 2025 | 18 replies
One time we bought a bulk amount of local fudge and taffy that lasted a while.
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3 February 2025 | 12 replies
Seasoning is the time period between from closing of the last transaction to the closing of the new transaction.
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20 January 2025 | 23 replies
I am trying to purchase a mobile home park that is already in a system of Mobile home parks that profit 87 percent for the last 15 years.
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10 February 2025 | 20 replies
Lastly, the price point is still very cheap here in the sense that you can still find investment deals that hit the 1% rule for 120-180k!
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22 January 2025 | 7 replies
I purchased my first buy and hold SF rental property last year and turned the property into a student rental as it was very close to a local College.
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25 January 2025 | 24 replies
(seriously, it is legit "last meal" worthy".
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22 January 2025 | 56 replies
One was given 1 talent, another 2, and the last was given 5.
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24 January 2025 | 7 replies
I moved to the Sarasota area last year, and have been impressed by the REIA meetings here.
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20 January 2025 | 1 reply
We recently relocated to Phoenix last summer and I'm starting to look for recommendations for local credit unions here in Phoenix which are trustworthy, low rates, personal touch, easy/simple to work with, etc.