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29 December 2024 | 8 replies
I personally don't quite see any of these positions being completely eliminated due to AI, at least not in the forseeable future.
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31 December 2024 | 418 replies
There is no positive outcome for anyone here.
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29 December 2024 | 15 replies
Plus, with $4200+ in monthly income and the option for overtime, you’re in a strong position to manage this responsibly.
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30 December 2024 | 13 replies
Smart tech, such as fast Wi-Fi, streaming services, and keyless entry, consistently gets positive feedback, as do luxury bathroom additions like plush towels and rain showers.
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29 December 2024 | 5 replies
Any of these will leave you in a much better position for success, and provide a greater income while you learn.
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29 December 2024 | 16 replies
Lastly, running an MTR is partially hospitality (like STR), but it is also a sales position (like all commerce).
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26 December 2024 | 3 replies
It sounds like you're in a pretty good position with some nice options.
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15 December 2024 | 4 replies
No offense, but absolutely, positively in no way shape or form would I, as a lender of over 30 years, provide a loan to someone with no out of pocket capital.
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28 December 2024 | 8 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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27 December 2024 | 4 replies
If you are not going to leave there at all, and you can't do Bill 23 or have any value-add to get to positive cash flow, then NO, don't do it.