Deirdre Lizio
Should you pick a property manager based on price or service?
17 January 2025 | 23 replies
He is always having issues, confrontations, ongoing drama and the like.....You just provide an excellent service and smart people will pay extra.
Anthony Maffei
How to Best Leverage $500k in Equity for Additional Income
19 January 2025 | 11 replies
I’m a full-time sales professional at a global GSI, so I’m seeking relatively efficient strategies.Has anyone successfully used cash-out refinances, 1031 exchanges, or other equity-based approaches to boost income?
Benjamin Carver
Raleigh-Durham 2025 Real Estate Market Outlook
24 January 2025 | 1 reply
You can get in while prices are still relatively low and watch as it grows quickly over the next few years.
Ashley Shearer
Property Mgmt - First Right of Refusal Program for Maintenance?
17 January 2025 | 3 replies
We also require that we be added to the contractor's insurance as Additionally Insured, so we're covered if they cause damage or liability issue.3) If the property is occupied:- One of our people MUST accompany their person (and we charge for this). --- We were sued many years ago, along with the owner, because tenant claimed owner's contractor sexually assaulted them!
Samuel Kim
Real estate professional status 750 hours doable?
26 January 2025 | 26 replies
We only disagree on what is basically a customer service issue.
Devin La Croix
When can I buy again?
21 January 2025 | 4 replies
One thing to consider on the credit card option is that a lot of contractors don’t accept them so that could be an issue.
Fernando Martin-Gullans
Help me use my equity to scale my portfolio
10 January 2025 | 3 replies
Here’s some context: Property 1: >$100k in EquityValue: $325kDebt: $220k @ 2.88% (30-year fixed)Property 2: >$70k in EquityValue: $325kDebt: $252k @ 3.38% (30-year fixed)Extra considerations: - I have $15-20k liquid to use for any of these deals- My current job is relatively stable, but not high-payin- Current properties in TX, living in NY, looking to invest in Mid-West (crazy, I know)- No other debt obligations besides the two mortgagesUltimate goal/timeline: Though a bit ambitious, I’d love to build up the portfolio to 10-20 units in the next two yearsI understand that any/all replies aren't financial advice; all ideas welcome for information purposes.
Thomas Farrell
BRRRR with ~400k Capital
18 January 2025 | 16 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.
Don M.
First time with new construction: Cape Coral, FL
20 January 2025 | 204 replies
I like how the City puts everything permit related on a portal for all related parties and contractors to see -- so there is no "he said, she said" down the road, and you can see where they've approved an inspection, or made comments needed to correct a deficiency.
Nathan Gesner
Have you ever used your umbrella insurance policy?
15 January 2025 | 11 replies
It has yet to happen for an RE related event but my last threat of being sued was last month (and unlike most suing threats, we had made some minor mistakes on this one).