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11 January 2025 | 7 replies
For example, will they look at the T12 (Trailing 12 months), or something shorter like a T6 or T3 (last three months).
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10 January 2025 | 3 replies
Lastly, check your conversion rate to see how many clicks turn into actual leads.Test different audiences and ad creatives to find what works best, and don’t worry if it takes time to dial things in.
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7 February 2025 | 31 replies
Out of my 32 properties, I’ve seen insurance rates drop by up to 40% on renewals, and property tax increases are finally slowing down compared to the crazy jumps we saw over the last five years.
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14 January 2025 | 8 replies
I’ve just heard horror stories from landlords and I’m looking for suggestions on how to best vet tenants - Good credit, no missed rental payments in last 5 years, etc.
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12 January 2025 | 8 replies
This diversity provides a certain level of stability to the job market.Population Trends: The population has seen modest growth in the last decade.
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7 January 2025 | 8 replies
Then connect with some hard money lenders (you can find some here on BP as well as some who are typing this right now) and connect with them to understand their product type, what they like to lend on and requirements.Hard money broker is all numbers game of making relationships and helping those that are looking for financing, it starts out slow but if you get with a few good borrowers and lenders it can be pretty decent money to be made.As an example we paid six figures last year to HM brokers.
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13 January 2025 | 5 replies
Lastly, I would also try and tap into any MTR market you could possibly have in your area.
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17 January 2025 | 11 replies
If you can get the first month, last month, and a deposit, even better.
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23 January 2025 | 5 replies
Here's a full breakdown of the last higher end home I did.
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6 January 2025 | 2 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.