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29 January 2025 | 0 replies
Looking forward to hearing your thoughts and continuing to learn together!
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28 January 2025 | 3 replies
I’m still learning but would love to hear about any tips or methods that have worked for you.
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20 January 2025 | 1 reply
I have been to RE meetups in the past with like-minded everyday investors pursuing similar goals, sharing stories and learning from each other, running through numbers, sharing network contacts, and even doing deals together.
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26 January 2025 | 1 reply
Lessons learned?
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22 January 2025 | 14 replies
Quote from @John Keane: @Jay HinrichsGot it, I will definitely re-evaluate my profit split structure after what I have learned here.
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20 January 2025 | 0 replies
Lessons learned?
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22 January 2025 | 31 replies
Wholesaling can be a great way to learn a market and build capital, but holding rentals can provide steady cash flow and equity growth over time—especially in markets like Detroit, where entry prices are lower and rents are solid relative to costs.If you’d like to learn more about navigating Detroit, feel free to reach out—I’m happy to share some resources or insights from my experience.Best of luck in whichever direction you choose!
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25 January 2025 | 5 replies
I’m hoping to learn more about the industry, its dynamics, and explore potential opportunities for collaboration and growth.Totally understand that nothing in this field comes for free, and I’m more than willing to share my expertise (tech related) and provide support wherever our skills and goals align.Looking forward to hearing from you and hopefully connecting soon!
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27 January 2025 | 6 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.