
21 January 2025 | 3 replies
I know a cost segregation study would be too expensive for such a small amount of property, but is it permissible for me to estimate the value of the components on my own?

17 January 2025 | 3 replies
You can simply request a separate check for the $100 increase to bring the total deposit in line with the new rent amount.

28 January 2025 | 71 replies
Yes when I looked at my pretax overall profit in the flip it was really close to my pretax salary for the same amount of time.

29 January 2025 | 14 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.

24 January 2025 | 36 replies
When I signed up, there were two different options: Lease, where they pay you fixed amount/mo and arbitrage the difference, and revenue share, where they take a management fee, pass on fixed costs.

26 January 2025 | 11 replies
When I was younger I spent a large amount on a rehab turned into long term rental, but nearly cleared out all my capital.

19 January 2025 | 8 replies
If there is a due on sale clause in the loan doc then it doesn’t matter what the loan officer told you verbally.I’m not an attorney, but from my understanding of the loan is still in your name personally a good litigator can pierce the veil and your LLC protection wouldn’t amount to much.

30 January 2025 | 8 replies
I have another rental property with a good amount of equity.

18 January 2025 | 10 replies
I don't need hard money because I have a lot of cash.Purchase: $190kDownpayment: $40kClosing/Realtor: $10kLoan Amount: $150kRenovation: $15kARV: $250kRefinance: $5k Final Loan Amount: $190KCash Back: $40KCash Spent (Down & Renovation): $55KCost to buy (Closing/Realtor): $15K---------------------------------------------------------------------------------------Total Monies Spent: $30KLoan Amount: $190KMortgage: $1.8KRent: $2KThose are rough numbers going through my head.

25 January 2025 | 14 replies
Even introducing a moderate amount of debt and purchasing another, OR exchanging out of the existing into a larger higher yielding property type with some debt.