Fareen E.
Refusing a Tenant Prospect Before Showing/Application
13 January 2025 | 31 replies
I do the majority of my leasing on Facebook and Zillow and I never ask for an ID.
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.
Josh Ball
Tenant with medical marijuana card. What are my options?
16 January 2025 | 3 replies
I don't see it as an issue but many still do, at least in my small town where the majority of renters are elderly people looking for low maintenance housing options.
Mohamad Taisir Albik
Property insurace cost for duplex
20 January 2025 | 1 reply
When was it built, and how old are the major systems?
Eamon Conheady
Do not use this lender!
26 December 2024 | 21 replies
Eamon,Any time you face a major issue with a bank/lender and they fail to refund your money or it costs you money and a lost deal due to ignorance or bad lending.
Jon R.
Anyone with furnished rentals in Syracuse suburbs?
22 January 2025 | 9 replies
I'm curious what the demand is for midterm rentals...outside of major metropolitan areas.
Sino U.
Inspection: What to check for duplex
21 January 2025 | 5 replies
I say to look at these hard because these items can occur for a period of 12 months possibly without major issues of seeing large cracks or settling if a lot of water hasn't been present in large volumes.
Danielle B.
Out-of-State - Ohio Section 8 Housing
22 January 2025 | 21 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.
Andy Jimenez
New Investor looking forward to network
23 January 2025 | 1 reply
I changed my major from Accounting to Real Estate back in 2018 when I was attending Glendale Community College.
Bruce Woodruff
Thoughts on the California fire repercussions
22 January 2025 | 17 replies
Quote from @Matthew Paul: Isnt there going to be a major problem with mudslides once they get rain .