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23 January 2025 | 23 replies
Making big investment decisions can bring reservations- I would love to connect and review strategies!
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15 January 2025 | 27 replies
I've worked with New Western and it was good for the position I was in at the time.
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29 January 2025 | 11 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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24 January 2025 | 8 replies
Value and rents should eventually increase to turn cashflow positive and build your wealth.You're next learning experience will be, now that you are out of day-to-day management, how will you be able to handle the inevitable expense challenges?
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19 January 2025 | 10 replies
Craig, I'd be happy to review your docs and deal for you and get you to a servicer.
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19 January 2025 | 11 replies
seller finance opportunities are very, very difficult to find.hope this helps - happy to dialogue furtherWell in the midwest, you can still find the 1% rule and positive cash flow!
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14 January 2025 | 2 replies
As title says, looking for some first hand experience, positive or negative; for working with mynd.co.
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15 January 2025 | 5 replies
I'm surprised you're still hearing negative things about it considering there's been so much positive press and chatter lately.
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16 January 2025 | 7 replies
We were in a financial position where we could keep our existing home, upgrade, and purchase another home.
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19 January 2025 | 47 replies
A lot of the basis of my position on this can be described as “gut feel”.