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3 May 2024 | 5 replies
: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+, 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, 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.
2 May 2024 | 8 replies
Once you have a modern system I highly recommend the Honeywell 9000 series wifi thermostats!
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1 May 2024 | 10 replies
Well, in Phoenix, where I buy, for example, things look like this:1. 1.5+ % population growth in 2018 (that's in one year)2.
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2 May 2024 | 0 replies
This projection opens up opportunities for investors to acquire high-quality properties at prices below replacement costs, yielding attractive long-term returns.One of the primary challenges facing multifamily investors is the impact of interest rates.
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3 May 2024 | 35 replies
Establish a high standard screening process, and stick to it.
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2 May 2024 | 3 replies
I live in Miami and insurance is extremely high.
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2 May 2024 | 4 replies
For clarification, my husband is a high income earner and I currently stay home with the kids.
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2 May 2024 | 4 replies
Hi @Calvin Peterson I don't have any websites for you but I highly recommend my good friends @George Munoz and @Mike Barone.
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3 May 2024 | 10 replies
The asking price was too high and changing the zoning from light industrial to multifamily would take 6-8 months.
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2 May 2024 | 7 replies
I think Chicago has a lot of houses in the surrounding neighborhoods of downtown that are up-down duplex, so a building can be 4 stories high with each unit having 2 stories.