Jose Saladin
First Investment Idea - Tell me all the holes
4 February 2025 | 1 reply
I can leverage my WLI cash value to purchase it outside the banking system.
Jason Mitchell
New Detroit Rental Investor
8 January 2025 | 9 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.
Konstantinos Lembesis
Akron for an out of state investor
4 February 2025 | 3 replies
This will help guide your decision opposed to investing somewhere for a novel reason.for example for me it was cash flow, price to rent ratio, land lord tenant laws and availability of multi-families(Just to name a few).
David Lewis
Boston - Has the ship sailed?
23 January 2025 | 45 replies
Very hard to find multi-family properties that cash flow in this A market.
Philip Beckwith
Appealing property taxes
27 January 2025 | 15 replies
Typically they charge a percentage of the amount saved.
Amanda Long
DSCR New Mexico Property/ Guarantors??
17 January 2025 | 3 replies
The income amounts look to be long-term rental (which they are and came in 30% lower than what the STR average did) and 2. why did the appraiser look at homes 20 miles away to compare to when there are PLENTY of rentals in town...
Austin Arseneau
Child Care Hack
21 January 2025 | 0 replies
Purchase price: $185,000 Cash invested: $5,000 Sale price: $220,000 Occupied by my in-laws.
Nikki Lehman
Orange St. Flip
3 February 2025 | 3 replies
Purchase price: $137,000 Cash invested: $90,000 Sale price: $285,000 This was a single family home in Bates Hendricks.
Anna Nickens
Advice for a Newbie
23 January 2025 | 5 replies
I'm a total newbie myself, but I've been doing an insane amount of reading and research via youtube etc.