Polat Caglayan
invest in detroit
8 January 2025 | 5 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.
Hank Bank
Starting My Real Estate Journey: How Can I Leverage a Paid-Off Townhome?
24 January 2025 | 11 replies
Any insights, advice, or strategies from those who’ve been in a similar position would be greatly appreciated.
Keira Hamilton
What I Learned from Owning and Selling a Laundromat – Exploring a Different Asset Cla
6 January 2025 | 31 replies
When we purchased our laundromat, it had a strong brand and positive reviews online.
Abby Biter
My Short Term Rental Barely Profitable
8 January 2025 | 11 replies
Frankly, I'm surprised by all the positive reviews.
Marc Shin
Changing my primary mortgage to a HELOC
30 December 2024 | 5 replies
Main goal of All In One heloc or 1st Lien Position Heloc: Lower your daily average balance.Main Drawback: Rates are substantially higher than 60% of current 1st mortgage balances.If you are mostly living paycheck to paycheck and your money leaves your account as soon as it comes in to pay bills, this is not for you.
Manuel Angeles
Eric Spofford Section 8 Course
7 January 2025 | 27 replies
When I pressed them about the dead LLC they said that the error must be on my end.Screen shot directly from the Ohio Secretary of State website below.
Kyle Deboer
Raising Down Payment Money
29 January 2025 | 25 replies
It's like putting your life into net negative before you are trending enough into financial positive.
Amit Garg
Anyone heard of WealthGenius Coaching Program (Alfonso Cuadra)
27 January 2025 | 12 replies
As for Alfonso, the website is one of the most UNdescriptive scammy sites I've ever seen.
Jenna Schulze
Best city to begin investing
8 January 2025 | 34 replies
We're still seeing deals here that have positive cash flow and appreciation potential.
Toby Khan
Wichita, KS Investors
9 January 2025 | 107 replies
But it sounds it worked out well for your equity position.