
9 January 2025 | 107 replies
That's not exactly an up and coming area -- I'd research who built them - can likely find that by going to the SG County Recorded Docs site or by seeing who pulled the permits during const -- Wichita has been on a duplex building boom -- look at the tax value -- They probably have that or less in it on the build - I also doubt they were built to be quality long term -- things such as the trim/cabinets etc -- they all look like the cheapest stuff a guy could buy - if the cabinets aren't oak and there is MDF or pine trim and pre-hung doors with engineered wood jams I'd run. 2-3 yrs ago for $180k -205 or so you could buy duplexes in Maize, Kechi, Valley center all day to builders that were selling them off to investors - not worth that in that area.

23 December 2024 | 3 replies
I have 3 family apartment building and a SFH with 4 garages, 1 shed, and 4 outside designated parking spaces for sale for 1.75 million.

29 December 2024 | 13 replies
I have used my equity and am now up to 9 doors using PMLs and PMPs for the entry on 3 of them.

29 December 2024 | 9 replies
I am a PM with 60+ doors and did not get a PMS til around 10 properties.

4 January 2025 | 28 replies
Good news is our land is where all of the next-door houses are (free houses, I think legal issues).

1 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.

28 December 2024 | 7 replies
The third property is more niche—a premium rental with a large RV garage.

23 December 2024 | 25 replies
My original SFR was 1100sf and I added 2 units: an 800sf SB9 unit and a 750sf ADU (converted garage plus addition).

25 December 2024 | 28 replies
Originally posted by @Eric Mayer:When you have 50+ doors or 100+ doors, would this even cross your mind to worry about?

14 January 2025 | 329 replies
(I posted a pay or quit notice on the door of a rental house with a new jet ski parked along side the garage once.