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7 January 2025 | 28 replies
With my LTRs I have been switching to all tenant paid utilities after my first winter where I discovered the majority of my tenants were setting the heat at 78 (which is unreasonable in Northern New Hampshire) and leaving their windows open in -20 degree weather.
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3 February 2025 | 47 replies
What we came up with was an infill product that matches what three story walk ups are in the multifamily market.
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18 January 2025 | 15 replies
Dig into reverse mortgages before pulling the trigger on anything, specifically HECM's (FHA product).
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26 January 2025 | 43 replies
I believe the owners with the majority ownership share forced the others to sell, but they weren’t cooperating.
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31 January 2025 | 29 replies
I know the production homebuilders sell lots way in advance, but I think that's a whole different ballgame.
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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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4 January 2025 | 26 replies
This is your product, and you are branding it for maximum consumption.
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10 January 2025 | 17 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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14 January 2025 | 15 replies
Reason being is that it allows you to invest in other products other than they offer, so that's why they don't promote these .