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Results (10,000+)
Jacob Riddle Hey everyone!! im new and READY. located in flint
26 January 2025 | 5 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.
Mark S. preREO - First Mortgage Secured by Vacant Property
24 January 2025 | 42 replies
In order to move back into the home, the homeowner would need to reinstate or payoff the loan, including the costs of the receivership as permitted in the order.
Rachel Jane Rent or sell
20 January 2025 | 7 replies
I'd also look into property taxes and what is included with that $800 condo fee (that is really high though guessing it may include weekly cleaning). 
Sam Chicquen Creative Financing & Seller Financing?
28 January 2025 | 15 replies
Terms such as interest rates and payment schedules are typically negotiable.Combining creative financing with seller financing can include strategies like:Subject-to and Seller Financing: Taking over the seller's mortgage and financing the equity portion through the seller.Lease Option: Renting with an option to buy while negotiating seller financing for part of the purchase.Wraparound Mortgage: Keeping the seller's existing loan while they finance a new loan that includes the balance.To proceed, consider connecting with experienced investors, understanding local legal implications, and attending networking events to gather insights.
Don Konipol How Large a Part of Your Total Assets is Real Estate?
23 January 2025 | 4 replies
If we include investments in mortgage loans (trust deeds), real estate partnerships, REITs as well as direct property ownership, I’m at about 80%.  
JC Wu Roofstock review. NEWBIES BEWARE!!
9 February 2025 | 173 replies
The higher the flat monthly management fee, the more services it includes
Nick Gallon Martin Confused about deductibility of interest on tax return
19 January 2025 | 2 replies
I know that interest on the acquisition loan can be included in the cost basis since it’s inventory.
Jerry Zigounakis First STR Advice
28 January 2025 | 10 replies
Do everything right: To include but not limited to pro photos, professional quality design, durable furnishings.  
Juan Mendoza Does a room need to have closet to be considered a bedroom?
9 February 2025 | 32 replies
There are plenty of older homes on the market that do not have closets.You need 2 egresses (including 1 that goes outside) such as a door or window, size about 70sqft (local codes may differ), ceilings at least 7ft high, and it cannot be a walk-through passage.As always, your local codes may be different.
Suzy Farman How do you market your rental property insurance companies directly for temporary?
21 January 2025 | 1 reply
Listing your property there ensures visibility.Build Relationships: When agents reach out, respond quickly, highlight your property’s amenities, and showcase your flexibility to meet displaced families’ needs.Highlight Insurance-Friendly Features: Emphasize features like flexible lease terms, utilities included, and a fully furnished setup to attract insurance placements.This approach has helped me successfully market to insurance companies.