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22 February 2025 | 0 replies
We have a reasonably high income from our W-2’s and rents with annual income in the $250k+/year depending on bonuses & OT worked and is usually closer to $300k.
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3 February 2025 | 26 replies
I take the approach of the investor pays me a fixed fee to learn this on their own so they never have to pay me again if they don't want to.
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9 February 2025 | 3 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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31 January 2025 | 8 replies
Most are currently on zoom so you can attend from anywhere.And if you want to connect, right now, today - MAREI meetings the 2nd Tuesday of the month which is tonight 8/11 .
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18 February 2025 | 148 replies
@Jennifer O.That cannot be real.They are paying 40% annual interest????
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25 January 2025 | 5 replies
I love this architects designs for cottages and pocket neighborhoods, but this concept is something entirely different.
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7 February 2025 | 6 replies
Quote from @Mike Weigel: Hello Bigger Pockets community.
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21 February 2025 | 10 replies
Quote from @Michael Calvey: Airbnb just dropped their Q4 numbers, and something caught my eye that hosts need to pay attention to: while they're raking in $2.5B in revenue (up 12%), they're dumping massive resources into platform "improvements" - 535 of them to be exact.As someone who follows the hosting space closely, here's what's interesting: they're clearly betting big on AI and tech upgrades, but what does this mean for hosts' bottom lines?