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14 February 2025 | 6 replies
My quick response time and attention to detail is not matched by many others.
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17 January 2025 | 22 replies
(This is the tip of the iceberg; I would prefer to chat with members than fire lengthy messages back and forth.)1.
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6 February 2025 | 2 replies
Why would you want to sell that from your portfolio?
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29 January 2025 | 7 replies
Quote from @Paul Lucenti: Creative methods tend to increase risk.
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12 February 2025 | 2 replies
From that deal we bought our next and first fix and flip property the following year.
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1 February 2025 | 2 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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15 January 2025 | 3 replies
Quote from @Dziko Thunde: How is your RE business?
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31 January 2025 | 1 reply
Here to rub minds and learn from everyone
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17 February 2025 | 1 reply
Every lender has different criteria when it comes to seasoning periods, LTV limits, and DSCR requirements, so knowing those details upfront can help you structure your deals more effectively.Looking forward to seeing how your BRRRR journey unfolds.