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1 February 2025 | 5 replies
I was reading up about it, and saw that the cons of oil heating include needing to top up the oil supply, lower efficiency (than gas and electric), and potential leaking of tanks leading to environmental issues.Is anyone familiar with oil heated homes?
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21 January 2025 | 5 replies
Finishing our first duplex construction project and looking to start 3 more simultaneously.
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17 February 2025 | 40 replies
.: With all of the great recommendations, you would think somebody would’ve included a link or at least gave a price with a few more details.
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17 February 2025 | 11 replies
Other sites that can be successful included Facebook (specific groups you are targeting like traveling nurses or 5th ward housing, etc), Airbnb/VRBO (30+ day stays) and insurance placements like ALE Solutions.
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25 January 2025 | 4 replies
So does anyone have any guidance and ideas or know any banks that do rehab loans were all the money including labor is upfront and then we pay a monthly?
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21 February 2025 | 9 replies
Lenders will not send out an LE without a complete application (which includes a property address) because it's basically binding.
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20 February 2025 | 114 replies
However, things like my ATM investments will continue to throw off a 24% CoC return and 20% IRR and I'm not including those.
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8 February 2025 | 12 replies
Buying a second home to rent out is a solid strategy, but be sure you understand the cash flow, including mortgage, taxes, and potential vacancies.
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3 February 2025 | 14 replies
You can include moving and storage costs in the charges.
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1 February 2025 | 2 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.