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4 February 2025 | 4 replies
Here is my method I got that has done me wonders, I used the method from Brandon Turners book on managing properties:1.)
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27 January 2025 | 25 replies
If you have any property management questions, feel free to reach out.
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29 January 2025 | 2 replies
Don't change jobs or income yet.Once you do and you think you can manage the payments based on your new income, maybe once you get the rooms rented.Then if you want to switch there are plenty of opportunities.
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11 February 2025 | 15 replies
For example one person could manage paperwork and another person could be boots on the ground.
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31 January 2025 | 6 replies
I've purchased a couple of my investment properties directly from property management clients who decided to sell.
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28 January 2025 | 5 replies
It’s been a while, but I finally managed to get back into the BP forum—great to be here again!
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30 January 2025 | 6 replies
The place where you can add value with no money is a situation like: you find project A, it is a 120k purchase and it should need 80k rehab but you can get rehab done for 65k cause you can do some of the work and you know how to save on materials and you can manage the rehab.
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6 February 2025 | 4 replies
I am currently a sales manager for a commercial tree farm and have recently been consuming Kiyosaki's books like they are candy.
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4 February 2025 | 12 replies
Cash flow depends on the down payment, but using a HELOC could keep your cash reserves intact while you get started.Make sure to build a reliable team (property managers, agents, etc.) to help you manage the property while working full-time.
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6 February 2025 | 58 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.