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15 January 2025 | 14 replies
The real estate investing industry uses "Classes" to rank property performance risk, but there's NO agreed upon industry model:(Here's what we use for our Metro Detroit market:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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13 January 2025 | 30 replies
Perform this research by using the rent comp tool on BiggerPockets as well as FB marketplace, Zillow, Craigslist, etc Also for those 15% of units that are “at market”.
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11 January 2025 | 67 replies
Then again this would also mean that I'd need to build a small team, and I'd need everyone to perform whereas they're bringing it all in one.Another big thing here is the risk - as I said above I have a fairly pessimistic view about the economy in the next couple of years..
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25 January 2025 | 25 replies
It reminds me of the Charles Schwab study - their best performing retail investment accounts were from dead people that never closed out the account.
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8 January 2025 | 4 replies
If you are looking to list the portfolio, the agent could do Loopnet and the MLS.If you are looking for a private sale I have a few investors that I could shop it to, as well some private groups that I am a member of.
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21 January 2025 | 35 replies
Those rates would be low in my area by half .I do service work , the clock starts ticking when the truck leaves the shop and doesnt stop until the truck and men return .
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11 January 2025 | 49 replies
If you are interested I could get you detailed information on where STR's perform best within the country.
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25 January 2025 | 17 replies
RTR advertises high returns as part of their marketing strategy, but the reality is that many of their properties do not perform as well as advertised.
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26 January 2025 | 51 replies
Be sure you are comfortable with the math and know exactly how much you should be getting depending on how the property performs at different levels.
29 December 2024 | 13 replies
But I also don’t know of any appliance shop with no return policy.