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2 December 2024 | 35 replies
Where these numbers are found, there is a very high rate of rent actually being paid.We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, and mortgage industry National footprints.
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30 November 2024 | 12 replies
Labor shortages have hit that industry just like everything else, so finding reliable, trustworthy, quality cleaners is a challenge everyone is facing.
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3 December 2024 | 14 replies
My goal is to scale up over the next few years and add another 10-20 doors.I ran across someone that is saying they are building quadplexes in the same town in Texas as my current rentals there, so I have some support system there.High level this is the idea on the deal:4 units constructed as 2 duplexes on one parcel.1250sqf 3/2/1 units$650k sale price, CME is $820k according to builder, will have a independent CME done if/as I move forward.Rent per unit is $1750 based on the other quad in the developmentBest guess at this point is about $16k/year cash flow at a 9.5% cap rate.Builder is a sister company of a established company in a related industry that has done "some" builds before but not a lot.
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28 November 2024 | 7 replies
A lot of the best investors I see have come from industries on the tangent.
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27 November 2024 | 5 replies
As I’m interested in real estate, I feel like your success in this industry is about your connections as well as having a good mentor.
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2 December 2024 | 13 replies
Not understanding that...The $41.45 is what's called a Resident Benefits Package, and is growing in popularity in our industry.
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28 November 2024 | 8 replies
A steady annual growth rate, diverse industries, and affordable living attract residents.
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7 December 2024 | 150 replies
And also where it would be tough to learn the industry over one or two deals because the deal time-frame is so long (I could make mistakes that I didn't recognize until 5 years into the deal).In this case, we're talking about notes.
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27 November 2024 | 2 replies
As we embark on our journey into real estate investing, we are seeking valuable advice and guidance to establish a solid foundation in this industry
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22 November 2024 | 9 replies
They should know the process super well and have their own contacts with leaders and managers to be able to ensure things run smoothly.There is a weekly open-office time for residents to be able to sit down with their case manager (I think it's Weds, but I haven't seen the time printed out recently so it may have changed.