Colby Burns
Omni Key Realty insight for investors in North Texas.
3 January 2025 | 5 replies
Their pro formas felt optimistic with providing 6% annual appreciation and property management that is only about 6% of rent so I take it with a grain of salt (they offer their own property management services but it has terrible reviews on Yelp so I would probably go with someone else).
Ricardo Lemus
The rent does not cover all
19 January 2025 | 10 replies
After 6 months I have two properties and since day 1 they have been rented.However, making some numbers and organizing the 2025 budget I am not sure what to think about my first step on this journey.The rent covers the mortgages (10 year loan both) however I have to take out of my pocket some % to cover HOA and management fee.
Kay Kim
What’s your experience with Wagner Nolasco B2RDirect
15 January 2025 | 177 replies
I canceled because of on going lies about progress on the houses.
Serge Hounkponou
New member from Indiana
7 January 2025 | 4 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.
Anita Z.
How do you screen an STR tenant ?
25 December 2024 | 22 replies
Mine are ran by a property manager.
Charlie Loomis
From Master Metered to Indivdual
19 January 2025 | 6 replies
we just managed to get ong to run all new lines and separate meters for our whole apartment complex at no cost to us.
Shayan Sameer
Fix n Flip 70% rule
3 January 2025 | 45 replies
On houses below $200k, the 70% rule gives you too low of a profit - you need to lower it the lower you go (ie a $100k ARV would probably be a 60% rule).
Michelle Skitco
Ready to start REI
13 January 2025 | 5 replies
I am a local real estate investor and own a local real estate/property management company.
Dennis Bragg
Emerging Real Estate Investment options in 2025
30 December 2024 | 6 replies
According to him, the secret lies in market research and meticulous property management.5.
Katie Hendrickson
Seeking Advice: Selling and Financing a Geodesic Dome in Eureka Springs
12 January 2025 | 1 reply
Any advice on securing financing for potential buyers would be greatly appreciated.Personal Experiences: If you’ve owned, sold, or rented out a geodome, I’d love to hear about your challenges, successes, and any tips you might have for marketing or managing this type of property.Thanks in advance for your insights!