10 February 2025 | 22 replies
Also, not sure what relationship you have established with your property manager but typically people hire managers to take care of this part and be tenant-facing.
9 February 2025 | 32 replies
My own home has no closets.
10 February 2025 | 2 replies
5 strangers all living in a home that have to somehow get along.
8 February 2025 | 7 replies
If you decide to sell, you will only have paid a little more in interest over the remaining time that you are in your home.
11 February 2025 | 6 replies
For example, I want to make 100,000 this year in flipping homes.
9 February 2025 | 4 replies
The easiest solution is typically keeping water away from the wall.
8 February 2025 | 2 replies
My brokerage sends a weekly rate sheet for typical debt sources for multifamily and commercial assets (bank, agency, cmbs).
10 February 2025 | 17 replies
I have some concrete pads in the back of some of my homes, and I have added Costco type storage units to rent it out.
8 February 2025 | 42 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.
10 February 2025 | 4 replies
Your journey from managing single-family homes to co-founding Elevate Commercial Investment Group to assist passive investors is both inspiring and instructive.