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17 February 2025 | 4 replies
Currently I am taking my real estate courses to achieve my license so I would be able to invest and learn more about real estate.
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29 January 2025 | 9 replies
Not sure where you are, but might be worth the drive.
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11 February 2025 | 2 replies
I also want to learn about other types of investment besides real estate so if you have any suggestions let me know.
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30 January 2025 | 7 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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7 February 2025 | 9 replies
I am excited to start building my portfolio and learning all I can.
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12 February 2025 | 0 replies
I learned so much with this property.
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16 February 2025 | 0 replies
Rented at $2,800 to a Section 8 Long-Term Tenant Lessons learned?
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6 February 2025 | 58 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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22 January 2025 | 13 replies
I would just make sure you're saving for reserves and expect that first year to be really about learning the house.
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25 January 2025 | 10 replies
It’s always exciting to connect with someone diving into long-term and mid-term rentals too.This is a great place to network and learn.