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12 January 2025 | 25 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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9 January 2025 | 7 replies
Sorry, it is not simple.Also, not just any "business-related" hours count.
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7 January 2025 | 9 replies
For example, for any lease-related activities (negotiating terms/pricing, signing lease, etc.) could I just have a real estate attorney on retainer to do these activities?
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12 February 2025 | 43 replies
For everyone's benefit, one should note that with the exception of certain areas (e.g.
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7 January 2025 | 20 replies
Other advice, especially that pertaining to tax benefits, is also highly appreciated!
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15 January 2025 | 8 replies
But almost zero percent of NOD owners can make it through the selling / moving out process go get this benefit.
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17 January 2025 | 40 replies
There were comments by 2-3 of the 7 planning board folks commenting on the speed of pushing this through and not understanding the relative priority or urgency of this specific topic.
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4 January 2025 | 5 replies
These policies cover the structure and additional liabilities related to your property that the tenant’s insurance doesn’t.Rod, are you sure about this?
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3 January 2025 | 7 replies
The owner doesn't really benefit much except for not having to pay a mortgage anymore?
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17 January 2025 | 7 replies
Sometimes 5 in the case of 9% LIHTC deals but all the way up to 15 as I’ve seen in 4% deals. 9% is competitive meaning there’s only a certain amount of projects awarded each year by your states HCR. 4% is not competitive and is usually more appropriate for large projects because 9% will get allocated to projects of smaller size so as to spread the benefit.