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19 December 2024 | 3 replies
There was a plumbing leak in the crawlspace under the house and is causing the high clay content soil to heave.....causing a 3-4 inch rise in the middle of the house flooring.
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6 January 2025 | 25 replies
Obviously, they have no intention of following the law & I wouldn't count on them to adhere to your lease provisions, either.Don't get me wrong - I love dogs & my pit (who went through the big doggie door in the sky many years ago) was the best dog, ever!
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12 January 2025 | 25 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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23 December 2024 | 1 reply
This is a great strategy to use for beginners who want to get a foot in the door of investing while also learning crucial skills just as tenant management.
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9 February 2025 | 173 replies
Condition of foundation/ roof/ gutters, soffit, fascia/ windows/ hvac/ plumbing/ electrical/ kitchens/ bathrooms/ floors/ paint/ garage (roof/doors/motor/siding).5.
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9 January 2025 | 116 replies
Its the easiest way to buy up to 4 doors for only 3.5% down.
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25 December 2024 | 4 replies
Ten acres in Texas with a mobile home to start is a smart way to get your foot in the door while planning for your dream home.
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26 December 2024 | 3 replies
The ability to split lots opens doors for creative investment strategies, such as selling one parcel while developing the other.3.
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4 January 2025 | 28 replies
Good news is our land is where all of the next-door houses are (free houses, I think legal issues).
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28 December 2024 | 8 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.