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19 February 2025 | 32 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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19 February 2025 | 9 replies
Then they tell me they didn’t get it and once resent said they couldn’t use because it didn’t include the appraisal value with reno.
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29 January 2025 | 8 replies
@Brandon Stelling As a military veteran with 100% VA disability benefits, you can leverage VA home loans to purchase properties with no down payment, no PMI, and favorable terms, including multi-family properties for house hacking.
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8 February 2025 | 29 replies
Just last year I expanded my property portfolio in California which now includes Orange, Los Angeles, Riverside and Kern counties.
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21 January 2025 | 4 replies
Avoid any self-help eviction tactics like changing locks.Maintenance: As a landlord, you’re responsible for ensuring the property meets basic health and safety standards, including working plumbing, heating, and electrical systems.Inspections: While there are no mandatory inspections required before renting, your property should comply with building codes.
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11 February 2025 | 22 replies
Definitely going to consider everything including your last point about 0% interest credit to actually execute the flip and get materials/labor.
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23 February 2025 | 34 replies
There’s been lots of good posts on this thread, including many opinions I don’t NOT necessarily agree with.
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27 January 2025 | 5 replies
The 1031 exchange was done as a group irrespective of, and including the SDIRA status, as a tenant-in-common.
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30 January 2025 | 6 replies
In Philadelphia area there are several REIAs including Diversified Investors Group (DIG), Delco Property Investors (DPI), and South Jersey REIA (SJREIAA) just to name a few.
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24 January 2025 | 0 replies
If Landlord has filed an eviction due to Tenant’s Default or other breach, including breaching for non-payment of Rent, regardless of the outcome or disposition by the court, Tenant agrees, upon request, that the court shall make a determination who the prevailing party is in any eviction and whether any attorneys' fees and court costs sought by any party are reasonable.