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15 January 2025 | 14 replies
The real estate investing industry uses "Classes" to rank property performance risk, but there's NO agreed upon industry model:(Here's what we use for our Metro Detroit market:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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10 January 2025 | 22 replies
Forget the course and put that money on a quality vacation short-term rental.
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6 January 2025 | 7 replies
I am curious if anyone has had any success using this product.
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9 January 2025 | 0 replies
Property ClassProperties are categorized by class, impacting their quality, condition, and investment profile:Class A: High-end, newly built, prime locations, attractive to institutional investors.Class B: Good quality, older than Class A, with minor deferred maintenance.Class C: Older properties with dated amenities, but value-add opportunities exist.Class D: Distressed properties in less desirable locations with high risks but potential for significant improvement.4.
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14 January 2025 | 16 replies
Other introverts will feel comfortable with you and that could actually help your journey......more important qualities are honesty, integrity and being a harder worker than others.Just be yourself and go get started.
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13 January 2025 | 23 replies
I have an outdoor pool that easily have 1k+ people using it every season and I never had single complaint due to the water quality.
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12 January 2025 | 6 replies
I’d love to discuss how I could help the organization by purchasing it and restoring it to productive use.”Request a Meeting: Ask for a meeting with the person or committee responsible for property management.
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10 January 2025 | 3 replies
Cost per lead (CPL) is crucial—it shows how much you're paying to get a potential seller or buyer’s info, and you want this as low as possible without sacrificing quality.
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27 January 2025 | 18 replies
KT is an ancient and inherently dangerous product.
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20 January 2025 | 62 replies
This can slightly affect the LTV or interest rate because your loan is based on the income of property therefore we need to make sure that your property is debt servicing at our minimum required ratios.We are introducing new products in September.