All Forum Posts by: Alex K.

What are you waiting for ?

@Mike M. 2,000 violent crimes per 100,000 people not bad man. Not bad at all. I’ll take it.

My question to you was if you have ever been to Detroit And not if you know how to copy and paste a 3 year old article from a random google search.

You should come on down to Detroit and check it out for yourself, I think you’ll have a blast.

@Mike M. In regards to Guns and Crack- Have you ever been to Detroit or invested in Detroit?

@Brian Reynolds

This contractor sounds like the guy that just wants to squeeze money out of people.

Tell him you will settle for $1,500 dollars.

Tell The other subcontractors the same thing or else tell them to get lost. Usually a year later that lien will dismiss itself. All depends on the state though and there has to be a certain number of steps and procedures in a specific timeline that they had to have followed in order for the lien to even be enforceable.

@John Clark if you were to invest the whole 300 into something what would be the tax hit ?

@Nigel Ford it all depends on what your end goal and strategy Is?

Detroit can be great. Just watch your numbers, Contractors, Property Management and location and you’ll be alright 🤠👍🏼

@Joey Allison

I’m not sure what market you’re in but here’s what 300k can do for you where I’m from.

Buy 9 houses in Detroit area which cost you 35 turnkey ready to rent.

Each will bring in 900 a month. After property management and taxes call it 700 net.

700x9=$6,300 a month x 12= $75,600 annually.

Set aside 15 for repairs etc.

Net of 60k per year from 9 properties.

6 months later you can refinance all of them and repeat the process.

24 months in 18 properties for your net worth and help paying down your debt.

Just a thought.

It doesn’t have to be in Detroit it you can find properties that cash flow that well in other areas with that price range that would work as well or maybe something local if you can find good deals.

@Nathan Killebrew scared money don’t make no money!

@Kimberly M. Evict.

@Lara Fobian always Prime. Pay a little extra if needed for a job well done. Usually the cheapest prices are that cheap for a reason.