All Forum Posts by: Adeva Edobor

@Ray Harrell 😂🤣😂

@Patrick M. Property managers fear nothing

@Gavin Welch I think the simplest answer is to hire a property manager. When owners manage their own properties, it's too easy to get emotional. Sob stories have a stronger effect when you have the power to do something. The property manager has to treat it as a business. They have no choice.

Closing costs. I bought a $26k property and paid about $4k in closing costs. Annoying!!!

@Michael B.

Thanks for starting this Michael. I invested in my first real estate deal in Wayne county, Detroit about 9 months ago. That was before I found Bigger Pockets and everything I've seen on bigger Pockets makes me feel like Detroit is a no go area. So I'm glad there are actually other investors in Detroit. This is such a relief. My rental has been fairly good so far but because of the bigger pocket stigma, I've been expecting the worst. Now I can breathe easy.

@Johnoson Crutchfield seems like you have decent cash flow. Why are you selling?

@Michael Bettencourt Can you consider the property a vacation home? If yes, DM me

@Andy Ramdeen call a few real estate firms around your property, be nice on the phone to whoever you talk to and ask for a referral to a property manager. They have nothing to lose or gain, so they'll be unbiased with the recommendation. Do that with a few then look at reviews of the management companies and pick one.

@Erron Fayson Based on the numbers, I don't think it's a good deal for a rental. Your cash flow is not enough for it to be worth it. You may actually end up with negative cash flow.

@Dominique Williams You are in an awesome position. Congratulations.

I wouldn't recommend any type of financing just yet. You may end up over leveraged. If it'll cash flow as a long term rental, do that. If not, Airbnb until it's no longer an option then revisit your available options at that point.