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23 December 2024 | 2 replies
I’ve heard about partnering with insurance companies for displaced families, working with military personnel in need of temporary housing, and possibly connecting with other organizations that require mid-term accommodations.I tried reaching out to GEICO about insurance-related housing needs, but they didn’t seem to have a clear process.Does anyone have experience with this niche?
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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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17 January 2025 | 6 replies
However, it is an old home and you are thinking about major cosmetic upgrades too.
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6 January 2025 | 5 replies
The majority is RE agents & associates desperate for business, predatory and awful.
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8 February 2025 | 49 replies
Major nightmare!
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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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16 January 2025 | 23 replies
Until that happens, enjoy major cash flow.
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17 January 2025 | 19 replies
But I believe for the majority of mom and pop landlords, it's not worth offering a concession.
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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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19 January 2025 | 47 replies
I think it would require a major asset heavy backer to provide the confidence the investing public needs to scale to profitability.