Lauren Rangely
Foundation repair options
7 January 2025 | 5 replies
Other than the repairs needed of course
Samuel Gebretnsae
Seller said "He is not required to disclose water damage repair done"
8 January 2025 | 27 replies
And if it had flooded it would be more than $5,000 for the repairs.
Marquez Cadet
Repair Costs Using Home Warranties
30 December 2024 | 3 replies
For residential multifamily properties (1 - 4 units), can you use a home warranty to take care of the repair costs associated with rentals?
Gregory Banks
Basement crack repair estimates - who to trust?
1 January 2025 | 11 replies
A new owner in the condo building is worried about them and wants them repaired.
Nadine Wallace
Advice on temporary security cameras during rent-ready repairs on long-term rentals
13 January 2025 | 0 replies
Does anyone have any advice on effectively setting up temporary battery-operated cameras on a long-term rental property to deter break-ins and squatters while rent-ready repairs are being made before a tenant moves in?
Jason Mitchell
New Detroit Rental Investor
8 January 2025 | 9 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.
Gene D Stephens
Looking for Advice on Investment/DSCR loans
8 January 2025 | 10 replies
The asking price is under $125k and like mentioned earlier, the renovations would be 50% so there are major repairs (not move-in ready).
Ashley Mierez
What are investors looking for from wholesalers?
7 January 2025 | 7 replies
A lot of wholesalers lock it up at 75% - repairs and then try to move it at 80% - 85% - repairs.
Jason Dubon
Small Multifamily - Maintenance/Expense Project
5 January 2025 | 7 replies
Typically, we see anywhere from $600 to over $1000 per unit (maintenance and turn costs) depending on these factors.
Matthew Morris
Dad's NC House is Slowly Rotting - Likely Need to sell As-Is!
7 January 2025 | 6 replies
I doubt it would qualify for a conventional loan with the repairs that need to be completed.