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20 February 2025 | 10 replies
We've been going to duplex open houses in Cleveland & Akron and a few showings with our agent who has more experience in the Akron area, to learn about neighborhoods, price, quality, etc.
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7 February 2025 | 17 replies
That's the other challenge that i've learned, with only one month as SD, if the tenant leaves even in a relatively new build the fees add up.
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9 February 2025 | 3 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 February 2025 | 7 replies
It can even learn from past deals to help refine the analysis over time.I built this mostly to better understand the components of a good deal.
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21 February 2025 | 9 replies
This is the BEST $100 you will ever spend, and if you listen to Amanda Han's tax book, you'll know it's also likely a business expense for you to write off :) https://biggerpockets.supercast.com/My perfect way to learn from the BP books is to listen to the audio book through the subscription above, then books that really stand out to me I go old school and get the physical copy so that I can re-read it, take notes in the margins, and put post it notes so key points are easier for me to re-reference in the future.
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11 February 2025 | 5 replies
I'll shoot you a PM, would love to learn more about what you're looking to do here and discuss how we can make it happen.
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29 January 2025 | 11 replies
Typically they would require your numbers up front, rehab with a schedule of "draws".
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10 February 2025 | 4 replies
Everything I am learning about mentions Local.
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17 February 2025 | 11 replies
I'll start with the largest learning curve.
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20 February 2025 | 11 replies
If anyone has any other tips and tricks or things they have learned through experience I would be happy to get your thoughts.