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1 February 2025 | 23 replies
:)Just kidding.1) Stock market: may want to do this while exploring other options, just make sure funds are easily accessible2) Buy Multi-unit: two basic options:- Buy turnkey: may not cashflow for 3-5 years, depending on your management skills.- Buy someone else's problem: can you fix their problems?
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11 February 2025 | 16 replies
I joined with the intent to surround myself with others in the field and build my confidence and understanding of the subject matter (:I live a disciplined lifestyle when managing my expenses and living below my means.
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11 February 2025 | 15 replies
This one might need a house manager in a few months so some chance to live cheaper in exchange for managing the house.Â
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11 January 2025 | 14 replies
Have a frank conversation with the property manager.Â
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3 February 2025 | 15 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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5 February 2025 | 2 replies
However, some of the best cash-flowing markets on paper can also come with the biggest management challenges.
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10 January 2025 | 10 replies
Been with a handful of property managers during that time.
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30 January 2025 | 19 replies
@Jason Brown - I'm a CT based investor, flipper, and property management company owner. Â
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4 February 2025 | 2 replies
I have managed to get myself into a bit of a complex situation on my first deal and I'm looking for some advice.Â
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29 January 2025 | 9 replies
Purchase price: $250,000 Cash invested: $14,000 I purchased and managed a rental property in Chicago, focusing on strategic improvements and tenant satisfaction to increase both its value and profitability.