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Results (10,000+)
David Young Questions From a first time Investor
15 February 2025 | 14 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.
JC Wu Roofstock review. NEWBIES BEWARE!!
9 February 2025 | 173 replies
The higher the flat monthly management fee, the more services it includes
Denise Evans Tenant Estoppel Letters
27 January 2025 | 1 reply
If I represent buyers, I like to include my name and contact information along with a sentence that if anything changes after the signing but before the sale, the tenant is obligated to notify me in writing or it waives any of those changes.Buyers might have other tenant concerns that are specific to a property.
Hank Bank Starting My Real Estate Journey: How Can I Leverage a Paid-Off Townhome?
24 January 2025 | 11 replies
However, before you do so you should ensure that your revenue from rental income covers ALL your property expenses in the townhome, including mortgage, taxes, insurance, maintenance/repairs, vacancy, property management, etc...
Eric Huntermark New Real Estate Investor Looking to Start with Flipping
11 February 2025 | 22 replies
Definitely going to consider everything including your last point about 0% interest credit to actually execute the flip and get materials/labor.
Chris Hains Need A House Flipping Spreadsheet
28 January 2025 | 12 replies
If you are looking to just calculate profitability, set how much profit you want to make then:ARV - Purchase Costs - Holding Costs - Selling Costs - Desired Profit - Rehab Budget (including contingency) = Maximum Allowable OfferIF you cannot calculate those numbers, a spreadsheet isn't going to help you. 
Account Closed Due On Sale Being Called!!
13 January 2025 | 41 replies
.: I would never give the party on the opposite end of the transaction POA over the property, or my social, DOB etc.
Alex Hall Subto FHA problem
20 January 2025 | 57 replies
(This includes character attacks as well.) 
Sha Sing Has anyone worked with ReadyREI in Saginaw, Michigan
20 January 2025 | 19 replies
We have a large following on social media and we have great standing with the business association in michigan.
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.