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9 January 2025 | 7 replies
(and I would definitely support paying the $149 for listing on FF)Beyond FF, Airbnb and ALE, it's going to take time and leg work, and which platform will depend on your market.
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27 January 2025 | 12 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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7 February 2025 | 14 replies
This implies residential units can be built at lower costs and provide better return than building a single ADU.11) adding an ADU to SFH can make the SFH fall under rent control.
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18 January 2025 | 17 replies
Sherman does seem interesting though because of the lower cost and growth potential.
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22 January 2025 | 9 replies
Crime in Little Rock is significantly lower than most cities it's the way the city is zoned it looks high based on the old city limits and population.
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23 January 2025 | 23 replies
What I'm aiming for are turnkey rentals and trying to max out the amount of conventional, lower interest loans. again, the DTI income ratio will be IMPROVED if the property shows cash flow.
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15 January 2025 | 2 replies
The lower unit is a basement/guest suite.
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31 January 2025 | 10 replies
This can then be used as a negotiation chip in order to lower the price of the property.
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24 January 2025 | 3 replies
I has two GREAT property managers that immediately come to mind, one handling 5 high end high rise condos I owned in Phoenix and the other one handling a 12 unit very lower end apartment building I owned in Arlington, Texas.
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23 January 2025 | 6 replies
That is lower than market and puts you in a cashflow-neutral situation, but it is unlikely your residents can afford that.