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4 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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28 December 2024 | 1 reply
We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).
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7 January 2025 | 20 replies
For someone in your position, starting small but strategic might be the best move.
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30 December 2024 | 10 replies
I can definitely tell you there's still a lot of positive cash flowing and 1% rule deals and you get amazing appreciation.
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31 December 2024 | 15 replies
We appreciate the positivity on our first flip win from you and Jonathan. :-)
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15 January 2025 | 10 replies
Without new companies creating similar-paying replacement jobs, workers may have to settle for lower-paying service sector positions.
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9 January 2025 | 44 replies
Once I've done that multiple times and I'm getting positive feedback on my numbers it will be time to begin the real journey.
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26 December 2024 | 3 replies
It sounds like you're in a pretty good position with some nice options.
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22 January 2025 | 203 replies
However they do choose to live in CA for many of the positives listed by folks previously.
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4 January 2025 | 19 replies
I'm not positive, but hopeful they would take a professionals word and help on that cost.