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19 February 2025 | 23 replies
The first house I bought, I lived there rent free, AND mortgage free, while renting rooms to other people.
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21 January 2025 | 4 replies
The tenant fails to pay their last month's rent and leaves the place needing new flooring and paint.
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30 January 2025 | 5 replies
After a year at staring at insurance data daily, AZ insurance rates are only increasing marginally, while most states are damn near doubling.3.
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25 January 2025 | 12 replies
Quote from @Jonathan Blanco: Is it worth seeking lenders with $0 lender fees (such as origination, processing and underwriting fees) or do they just get that money by increasing rates and charging higher points?
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28 January 2025 | 1 reply
Increasing NOI and value of property by 2M+ Lessons learned?
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15 February 2025 | 6 replies
Prices are higher, but rents are very high as well.
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18 January 2025 | 10 replies
Keep in mind, adding "cute", and upgrading things won't increase your rent or ARV past what the market in that area will tell you is the max.
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24 February 2025 | 13 replies
While a properly maintained TN LLC might be sufficient for those who diligently follow corporate formalities, the additional layer provided by the Wyoming entity can offer significant extra protection, albeit with increased complexity and cost.
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20 February 2025 | 10 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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15 February 2025 | 7 replies
For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.