Joey Chalhoub
Tax Lien Foreclosure and Supreme Court Case
11 January 2025 | 5 replies
I would target high lien to value properties in class C/D areas that are owned by an LLC.The supreme court case Tyler v.
Maria Murphy
Develop, then sell and/or rent?
12 January 2025 | 2 replies
About me, most of my assets are RE but in another market so I would be diversifying in that market.Potential for appreciation is very uncertain: prices have risen a lot locally lately and are as high as they have ever been, and it’s unlikely higher prices would be affordable by locals.
Christy Place
First Flip Attempt
10 January 2025 | 2 replies
We make sure to do the work to a high degree.
Devin James
To those who consider themselves very wealthy, is wealth worth what is takes?
22 January 2025 | 56 replies
I highly regret not being further ahead of where I am currently financially to where I could provide more comfort to those I care about during their vulnerable times in their life.You see, wealth is not just about you.
Albert Gallucci
How do you detirmine the class of a Property
27 January 2025 | 12 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.
John Reagan Johnson
Switched to a Property Manager
22 January 2025 | 9 replies
Communication is highly important to me as well.
Tyler Graber
scale from 1 to 2?
21 January 2025 | 8 replies
Be sure your lender is comfortable with this, as many fear giving folks primary loans for properties they view as having a high probability of being turned into a purely investment.
Kegan Scholl
Best market to house hack in?
28 December 2024 | 24 replies
If that's the case, check out some of the economic data about what cities have strong job and population growth.
Taha Tekreeti
Anyone invested with Ace Properties?
15 January 2025 | 10 replies
Demand is very high, both for rentals as well as for sale and this is probably not going to change.
Daniel Borgenicht
Investing in a condo as a long term rental
13 January 2025 | 3 replies
Condo's usually have high HOA dues which will eat into your cash flow.