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1 January 2025 | 12 replies
Our market is stable with strong job growth from major employers moving and developing here like Meta, Intel, Amazon, etc.
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1 January 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.
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6 January 2025 | 13 replies
I don't have the funds saved up for any major renovations but am looking for something that needs a little TLC.
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6 January 2025 | 7 replies
They say they are not liable for inaccuracies but the number of bedrooms, bathrooms, and unit amount seems incredibly major.
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10 January 2025 | 21 replies
Hi Brian, the majority of hard money lenders want you to add the rehab money to the loan.
1 January 2025 | 24 replies
Check the property: Make sure it’s in decent shape – no need to take on a major project right away.
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22 January 2025 | 56 replies
Self employed and not self employed both have advantages and major disadvantages..
3 January 2025 | 8 replies
.: Hi there,I have an investment property in Atlanta and over the past year, the property had major challenges due to squatters.
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7 January 2025 | 16 replies
Just know that the majority of those in the 'education segment' of real estate are presenting you their information to make the speaker money... and if you happen to benefit too... that 's great!