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9 January 2025 | 44 replies
Nor may appreciate your risk tolerance level.1.
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26 January 2025 | 17 replies
Quote from @Marcus Auerbach: @Eric Bilderback - there was a time when I felt I really should "gratuate" into MF, but I never did and I wanted to or thought I wanted to at one point try and get to that level 100s of units.
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29 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.
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17 January 2025 | 9 replies
If you do have to move because of a job, you would be safest (in my opinion, i am not giving legal advice or financial advice), i would sell that property to ensure that you did not just purchase with the goal of moving out early and taking advantage of lower rates and lower down payments for purchasing your home as a primary residence.
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25 January 2025 | 8 replies
I price higher in other months so the lower occupancy doesn't hurt.Would love success stories on how to really attract.
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12 February 2025 | 43 replies
Thank you Corey, that's a great and thorough high level perspective.
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11 February 2025 | 15 replies
Most lower priced condo projects are not very healthy and why they are low priced.
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15 January 2025 | 15 replies
Obviously you want to lower expenses while maximizing revenue.
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27 January 2025 | 17 replies
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