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8 January 2025 | 5 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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12 January 2025 | 23 replies
I don't think 95% fail, I think a vast majority of that don't try.
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16 January 2025 | 15 replies
And lastly, market risks and mismanaged funds can also create major headaches, especially for those involved in lending groups.
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10 February 2025 | 59 replies
A majority of real estate investment properties are held in an LLC.
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4 February 2025 | 24 replies
My tenants had late payments, but they were eventually made whole—credit where credit is due.Another standout moment was in 2021 when a major winter storm hit the area.
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24 January 2025 | 36 replies
Currently, I self manage using software program that centralizes the majority of information and messaging and pushes to all the platforms that we list the properties on.
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13 January 2025 | 30 replies
If the way to increase the selling value of a MFH is to increase NOI by increasing income or decreasing expenses; why are the majority of sellers putting their properties on the market with under market rent?
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16 January 2025 | 3 replies
Another one to consider is the FHA 203(b) if the repairs aren’t too major and you’re okay handling some out-of-pocket fixes.
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28 December 2024 | 11 replies
welcome. great place to start. dont be afraid to network. put yourself out there. find local events to go. be a sponge then take action