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21 February 2025 | 4 replies
I have a 6 unit with no mortgage.
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7 February 2025 | 1 reply
No Wholesale.
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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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8 February 2025 | 3 replies
However, upon closer inspection, several red flags became apparent:Lack of Transparency: Despite claims of being a Georgia corporation, a search in the State of Georgia Secretary of State’s Division of Corporations database revealed no record of the company.
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8 February 2025 | 4 replies
.📜 Know the rules – No "deal-making" in the forums (that means no advertising, pitching services, or looking for partners).
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15 February 2025 | 11 replies
If you have any specific go / no-go criteria, you can evaluate it on the web most likely.
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20 February 2025 | 8 replies
To play devil's advocate (and keep in mind I have no skin in this since I'm in a different market):-You want to tailor to investors, then be prepared to sell at an investor price.
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17 February 2025 | 4 replies
I've seen too many that prey on newbies and set them loose on the world, begging for "no money down" deals.
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5 February 2025 | 8 replies
With on market deals like this, there are two scenarios: 1) you see something that no one else sees OR 2) everyone else sees something you don't
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13 January 2025 | 11 replies
Also, check to see if you can find lenders with low or no closing costs.Curious—what’s the partnership you’re looking at?