All Forum Posts by: Arsen Atanasovski

Nicholas actually you can pick a house in Detroit in the $50k to $70k range then in Zillow flip the search to rental your already in the 1-2% rule for renting. I’ve been saying this way too many times. This is not California, Texas or Florida. This is cash flow king :) come by one day I’ll be more than happy to show you around the Motown! 

Send me a DM I have a few deals you might fit right in since you’re going down that route. I will need a little more information so I can get a better idea what would work for you here in Detroit .

Travis are you trolling me??? Jk! About classes Detroit is a street by street city not necessarily by class you have class B and a block away is a war zone so you do need boots on the ground for sure DM me or Travis and I give you some guidance but going solo is a little difficult partnering up would be a little easier and less risk but again up to you. 

I’m a section 8 investor half of those items do not comply, difficult to evict?? Does that mean the city or government can’t pay you rent? Never heard of this never had this happen. Yearly inspections, great I do them 2-3 times a year it’s my property would like to see them and check on them. Have you driven a car and not do an oil change? Of course you don’t get payment until the application and process is complete and approved by the committee then you allow them access and that’s after they paid the SD. Difficult selling? Really? Hi investor, I have 10 vacant homes for sale would you like to give me a “low ball offer”??? Hi investor I have 10 fully leased section 8 tenants oh and btw here is my income statements and all the income from my section 8 properties showing the state of where ever you live depositing into my account, which on do you think you will be better off when time comes to sell??? 

Section 8 and buying properties that positively cash flow. You will never lose them. Let's say you buy a house for X amount your mortgage PITI is $700 your section 8 tenant is paying $1000. Your house drops in value by half, rent doesn't drop my friend so you will be in it for the long run but you won't necessarily lose it. In the early 2000's ppl bought homes that was not affordable and no down in the game easy for someone to walk away. Just do your numbers do them again and again until you know that the deal you're looking at cash flows properly and that my friend makes it recession proof. Hope that helps

Rishi this is a good place to find a PM you can also look at the Detroit area in Zillow see what properties are for rent and see which PM companies are listing them call them up as well. Overall you need to gather up all your findings and what they say start “interviewing” these companies take notes and see which one fits your expectations, the PM doesn’t manage you they manage your asset you are the owner and per say the boss paying the PM for services. It’s similar to an employee because you will be working with them and requesting updates, tasks, etc…. Overall the main goal is for the PM to generate a profit for you. PM makes their income regardless the good companies know how to make good returns for you but it’s up to you to go out there and vet them.

I have a lender that would do the entire package for you or minimum 2 properties in 1 loan. DM me and I’ll send you the information 

Hello Darrell, I have a great law firm that only does that and do a great job, I had debts from $2500 all the way up to $11,000. They work on a percentage of the debt and not on hourly basis like regular attorneys. DM me and I’ll send you the contact that I work with personally. Also you need to have a very clear lease agreement that makes it bulletproof in court. My contracts are similar to a car lease because basically it’s the same but a house. I have the full amount of rent for the term of the contract and that’s what they owe. Basically $1000 a month 12 month term the contract is a $12,000 contract. You may cancel at anytime with a 30 day notice but if you do not follow the contract then the full amount will be eligible for collections minus all other payments that have made thus far. 

Love it! Unlike the podcasts they are telling people to buy million dollar properties and try to cash flow lol! You cash flow with $50k homes with strong management with strong planning and you will make a lot more money then waiting for a guest to give you a ****** rating on STR sites. Real estate investing is what your all about in this post, the podcasters have moved on to more of a hotel type business, involves real estate but more importantly it's a hands on business not a real estate investment. On top of that I love how they say keep your job and do real estate well in my eyes the best way to juggle that is with LTRs if I were to get in to the STRs I'll just buy a Hilton and quit my job…… easier said then done. Love to hear your doing good in the D, so am I, keep it up! There is a ton of section 8 tenants that need housing.