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21 February 2025 | 13 replies
Hello everyone,My recent post regarding this topic was very vague so I'm reposting it.I own 2 single-family lots in the suburbs of Houston, Tx.
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30 January 2025 | 4 replies
I did not come back to revisit this post from so long ago.I did not buy this property.
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20 February 2025 | 11 replies
.: @Brendan Limhello. i don't invest in Columbus, but here are some miscellaneous reactions to your post.
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14 February 2025 | 8 replies
I love hearing new investor execution posts like this.
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20 February 2025 | 3 replies
Already replied to your other post about Detroit questions.Your latest questions:1) Simple: you don't offer asking price, you offer an amount that makes your numbers work.2) You're looking in the wrong places, using the wrong search criteria - there are tons of deals available!
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31 January 2025 | 5 replies
Please keep those posts in the Classifieds forum.Need a spreadsheet or form?
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30 January 2025 | 56 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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3 February 2025 | 11 replies
Quote from @Ricardo Lemus: Hi there,You guys probably went thru some of my post already and even help me with some experiences - Thanks a lot :)This time, after 6 months on this, I think part of my brain is saying that somehow I am in the right direction, and the other part is saying something is going on with the rent price I have set for my properties.
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12 February 2025 | 5 replies
Hopefully your post gets some local eyes on it and you get the numbers you seek.
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9 February 2025 | 12 replies
I keep a portfolio of photos in my arsenal - not posting all of them - but switching out a photo periodically as it can trigger your listing to move up the list when a change is made on some of the sites.