Makani Donaldson
Having trouble being lendable
25 January 2025 | 7 replies
But with that one lender I found I am not lendable due to not having proof of income for the last two years.
Dallas Smith
Selling 2 properties
24 January 2025 | 5 replies
As far as your primary residence, if you have lived in it 2 out of the last 5 years, you should not have to pay taxes on capital gains (difference between what you paid for it & what you sold it for) up to $250,000 if you file your taxes as an individual and $500,000 if you file jointly with a spouse.Just a disclaimer, I am not a tax professional.
Fulati Paerhati
What is the good location to buy a rental property for 250k cash ?
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.
Ryan Goff
Grocapitus - Anyone have experience with them?
30 January 2025 | 169 replies
So, over $40 Million of fourplexes were sold in the last 14 months.
Johnny Peterson
Meet ups in southern Minnesota?
28 January 2025 | 9 replies
I haven't heard of any, but met with a few people in the twin cities last year.
Ashley Guerra
Central Jersey investors
21 January 2025 | 10 replies
One last tip look at homes for rent on Zillow.
Joe Gellenbeck
New to Investing - Excited to Get Started!
21 January 2025 | 18 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+ (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.
Noah Laker
Opening a Sober Living Facility
19 January 2025 | 5 replies
My company has gone through 3 dishwashers in the last 12 months and it has been an added expense.
Kiran Asknani
New to STR market in Massachusetts
28 January 2025 | 13 replies
Quote from @Jacob Sherman: Quote from @Kiran Asknani: Hi All I am new to STR game and am planning to start with investing in Boston area or nearby suburbs as I have spent last 10 years in Boston.
Christopher Smith
UPREIT any personal experience?
22 January 2025 | 10 replies
So in my mind it would be best used as a last move into a REIT you never sell.