Timothy Newsome
First investment property either GA or Ohio, looking to connect.
11 December 2024 | 35 replies
Looking to build relationships.
Candy Kimbro
Rehabbed Historic Home into a Short Term Vacation Rental
14 November 2024 | 0 replies
Purchase price: $40,000 Cash invested: $60,000 We rehabbed a Historic home that was sold to us by a neighbor knocking on the door.
Gordon Cuffe
Old member introduction
12 December 2024 | 5 replies
@Caleb Brown it is on a street known for historic homes but this city does not registered their historic homes.
Scott Scoville
Buy & Hold Historic Duplex in Sacramento
12 November 2024 | 11 replies
We purchased this buy and hold historic duplex which faces William Land Park in Sacramento.
Cheryl Abram
Has anyone invested with Djuric Family Office aka Blake Capital Group
12 December 2024 | 23 replies
Quote from @Evan Polaski: @Chris Seveney, I hadn't looked at any details on this offering into now.Things to consider from their own marketing:Operating partner has done all of 10 flips.Their entry price point is a price that I would expect any truly experienced flipper to be able to take down very easily on their ownTheir historic IRR, while high by MF standards, is average, at best, from my experience with flips, and it is unknown if this is net to LP returns.I have flipped homes myself, so am not their target investor.
Dan Sundberg
Advice on running numbers in Michigan/Grand Rapids
13 December 2024 | 7 replies
But usually for a tenant occupied it's like $90-120 per monthI've noticed a lot of multi-family buildings are pre-WWII housing inventory - are there restrictions or issues common with that (historic districts, crazy high utility costs, etc)?
Kathy Yao
Need help with a deal analysis
10 December 2024 | 1 reply
Sounds like this is maybe in the Wilmore area if it's in a historic district near South End.
Justin Boyd
Opportunity to buy an old bank
3 December 2024 | 5 replies
I think there are two maybe 3 ways to look at this in my mind. 1) you go into it and bring it all up to modern standards but using that old charm to basically take what is there bring it up to modern standards and rent it out essentially I'm thinking cocktail bar or something trendy like that.2) most banks are on really good centrally located real estate if this is true, then I'd consider it for the dirt, plan to scrape the lot and go vertical with whatever the highest and best use is.3) a kind of combo of the two, if the lot is in a good location and its doable, pull the vaults or other "character pieces" out of the building, scrape the lot, and build whatever is best suited for the site there, but incorporate those historical pieces into the final designs.Is the site near a major retail area?
Michael Beirne
Section 8 BRRRR in Baltimore
4 December 2024 | 12 replies
: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.
Adriana V Alvarado
Invest in Bay Area California? Just starting Out
5 December 2024 | 22 replies
Similarly, the markets with the best initial cash flow typically have poor historical appreciation and rent growth.