Venecia Baez
Want to buy first property and I watch a lot of videos, but lack action: How to start
1 January 2025 | 24 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.
Ethan Slater
New Member Joining BiggerPockets
4 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.
Gregory Schwartz
"Am I experienced enough to raise outside capital?"
29 January 2025 | 32 replies
These include website/investor portal, CRM, in-person meeting space or online (Zoom), online scheduler like calendly.The secret is to create a "system" so you can keep the flow of PMLs coming through your pipeline.
Denise Lang
Starting our investing journey. But how to that that out of my home state?
2 January 2025 | 36 replies
just to be candid, unless you're using some kind of creative strategy... you need a really solid amount of cash including reserves.
Jonathan Abrado
Pace Morby Gator Method Course Review
25 January 2025 | 155 replies
Probably notAs you already know, there are no guarantee's with investing which includes lending.
Henry Clark
Belize Teak Plantation
4 January 2025 | 67 replies
Had quotes for $20,000 not including materials.
James Syed
5 Day Notice Illinois
5 January 2025 | 18 replies
This form is included with the Illinois Eviction Notice on this site, and will be necessary if you have to file a Complaint against a Tenant for Eviction (next step).Filing the Complaint If after receiving the Notice of Eviction the Tenant has not paid the rent or cured the lease violation (if they have that option), then the landlord must sue the Tenant for eviction by filing a Complaint with the County Clerk's Office in the County where the property sits.
Tomas Falcon
21 and want to get into the community
28 December 2024 | 7 replies
There are a bunch of great investors who are more than happy to share and network (including myself).
Joe Au
Use HELOC to paydown mortgage fast
11 January 2025 | 420 replies
I even included that in my "Debt Strategies" presentation that I give at local events.
Jacob Hrip
Book on estimating rehab costs
30 December 2024 | 4 replies
Need to be sure you include the "unknown budget" and never take the optimistic approach as it is better to have money left at the end than writing more and more checks that were unplanned for.Again, if you can walk through an actual property and compare notes with someone that does it in your area (key factor), you will be way ahead of what a generic book can give you.