All Forum Posts by: Mo Maktari

For ease of mind, I'd rent to the more reliable tenant...

Riki Hasty at Pioneer Mortgage Funding. Done alot of deals with them and they are great. 813-323-5078.

How do I feel like I'm about to get sold solar panels?

You have any more content behind “ouch”? Is this a forum to help others or to ridicule? Please elaborate…

Inkster 

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $70,000
Cash invested: $7,500

3/1 bungalow with a 1.5 car garage. Market rents around $1200-$1300/month.

What made you interested in investing in this type of deal?

Born and raised in the metro Detroit area, my goal is do more buy and holds in the area.

How did you find this deal and how did you negotiate it?

Working with the Fire Reality Team in the Detroit area.

How did you finance this deal?

10% down conventional

How did you add value to the deal?

None; most the renovation has been already completed. Just need to add central air and very little TLC.

What was the outcome?

TBD

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Fire Reality

Hi and welcome to BP! Why not house hack a multi-family with 3-5% down?

I am a born and raised product of Detroit but I've now lived in Tampa, FL for 18 years. I still have most of my family in MI and visit at least once a year. Detroit's rental market appreciation is very good. Like everyone has said, do your research and take advantage of the real estate agent tool here on BP. I've hooked up with Matt Bahoura with FIRE Realty Team in the area and currently under contract with a sfh in the area. They are investor friendly and know their stuff. I get the scared aspect of it, but the appreciation doesn't lie!

 

Hi Sam! Can you pm me the address?

AirDNA is good but comes at a cost. What has helped our listings if using Pricelabs to adjust the daily rate in comparison to the local market but also comes at cost ($20/month first listing)