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29 January 2025 | 19 replies
I am not a lender, I'm an investor that typically buys major city-center multifamily.
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24 January 2025 | 2 replies
How many GPs are typically on a deal?
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20 January 2025 | 22 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 January 2025 | 2 replies
I have a property on the barrier island that I do not want to list on MLS but I am interested in connecting with realtors or investors who typically sell or buy pocket listings and may be interested in this property.
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12 February 2025 | 19 replies
Here's a typical call:Buyer (You): Hi my name is (your name).
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7 February 2025 | 14 replies
I typically advise investors to wait until after closing before quitclaiming a property into their LLC.
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27 January 2025 | 8 replies
You increase the likelihood that you continue to receive that $8,500 each month.
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20 February 2025 | 11 replies
.- Lower Elevation = Higher Risk: Properties at lower elevations or in flood-prone areas typically face higher premiums.- Natural vs.
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24 January 2025 | 0 replies
Typical renovations include:Cosmetic Updates: Painting, flooring, kitchen and bathroom upgrades, and landscaping.Structural Repairs: Fixing any underlying issues such as foundation repairs, plumbing, or electrical updates.Efficiency Improvements: Adding energy-efficient windows, new HVAC systems, and better insulation to increase the property's overall value.The goal of the rehab phase is to increase the property’s market value while making it an attractive place for tenants.
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21 January 2025 | 4 replies
Conventional loans are typically in your personal name, while investment property loans, like DSCR loans, will need to be in your LLC's name.