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2 January 2025 | 3 replies
Ultimately, a “win-win” keeps your tenant profitable while ensuring you’re not underpricing your asset.As for notice periods, definitely check your local regs, from what I’ve heard.
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14 January 2025 | 329 replies
I think it is entirely up to each one of us as individuals to look after our own needs and ensure we have a roof over our heads.
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31 December 2024 | 20 replies
Early on, rents would remain market-aligned to ensure the portfolio generates the income needed to cover expenses, pay investors, and reinvest in expansion.
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24 December 2024 | 14 replies
I recommend that you engage with a real estate accountant to ensure you set everything up properly.
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16 January 2025 | 78 replies
So, they got taken advantage of.4) They didn't do enough research on comparable properties before doing repairs - so went either overboard or slumlord, instead of properly Maintaining to the Neighborhood.The other challenge we encounter often is investors expecting perfection.
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17 January 2025 | 21 replies
@Nathan Harden- agree about OH ....I went to school at Miami U and lived in columbus area for a few yrs ...many friends that still live there ......I live in Seattle proper ( near Magnusson Park ...also own 2 properties in Mason County ......father in law lives on close to 10 acres close to downtwon Medina so we will be dealing with figuring out the best thing to do with this as he gets older ( he is 83 now) ...stay in touch
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5 February 2025 | 69 replies
With some proper planning and the funds to lock in materials early, you can have an efficient build, but certainly not fast.
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6 January 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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10 February 2025 | 71 replies
I gave my Optionees a square deal. it's not a bad thing to know how to properly execute lease options but I wouldn't pay money to learn it or think I was going to build wealth with it.
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25 January 2025 | 26 replies
That is a big move, and I wish you all the best @Maxwell Silva on your journey.In terms of a BIO, I would absolutely use your experience in the healthcare field as no doubt you probably contain the following skills:Patience - Working at the level the client requires (whether first time home buyer or experienced investor)Detail Oriented - Ensuring that every important detail is accounted forPeople Person - Putting the needs of others firstGood team player - Good at coordinating and working with a team (title co, lender, other Realtors, etc)Dedicated - Committed to meeting deadlines, and helping people accomplish their RE goalsThese should get you started.