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27 December 2024 | 34 replies
My longest recent rehab was 2.25 months and added a half bathroom, took down 4 walks including load bearing, put up 3 walls, new plumbing, electrical, flooring, huge percentage of drywall, an eye brow porch, new kitchen with full layout change and new bathroom with full layout change.
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19 January 2025 | 47 replies
The whole process works transparently, fairly, and securely—designed for the modern world.Idea isn't just proposing to make real estate more efficient—it opens doors for people who’ve been locked out for too long.
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28 December 2024 | 8 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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26 December 2024 | 3 replies
The ability to split lots opens doors for creative investment strategies, such as selling one parcel while developing the other.3.
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25 December 2024 | 4 replies
Ten acres in Texas with a mobile home to start is a smart way to get your foot in the door while planning for your dream home.
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23 December 2024 | 1 reply
This is a great strategy to use for beginners who want to get a foot in the door of investing while also learning crucial skills just as tenant management.
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18 December 2024 | 11 replies
Sometimes the contractor will put a % on the top of the materials to source it.2) what's your range for remodeling a bathroom?
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14 December 2024 | 6 replies
I’m not sure if the metric has changed much with inflation and rising costs but I’ve repeatedly heard that $200 per door is a good cash flow.
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19 December 2024 | 22 replies
Quote from @Kevin Zmick:One of the advices I read above was to be a bit less discerning perhaps and get someone in the door for 6 months at a reduced rate, and then find my golden tenant in the summer.
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20 December 2024 | 6 replies
I've already renovated one of the bathrooms, and I’m planning to paint the interior, update the kitchen cabinets, possibly sand the wood floors, build a fence is a corner lot and increase the rent for the room since my tenant is currently renting the entire 3-bedroom, 2-bathroom house for $800 a month.