All Forum Posts by: Richard Dunlop

No problem glad to do it.  Don't quit on Detroit, but I just don't think Turn Key in Detroit is the best way to go. With Turn Key you are likely giving away 80%-90% of the deal without knowing it.

Since the Turn Key provider is paid up front, it is possible their attention to your purchased property would lessen over time. (Yes even if they are still the PM)

Lots of incredible opportunities here.

Detroit has been very good to me! 

@Joe Villeneuve  everything he knows my knowledge is not for sale any longer either.

JK Joe, see you tomorrow night.

Aaron come on up there are bargains in every market still!

 Set that As an EXACT AMOUNT don't go over but also don't invest less. If you are sold on investing in 401k. 

And yes I have almost always beat that return in real estate investing.

Your 401k "unbeatable return" is only a first year calculation for the new contribution only!

And then your money and theirs is locked away for the long term. 

Edited to add the post above mine by @Ronald Perich (that I didn't see) is an excellent example.  And his numbers are conservative!

Work under the assumption that she moved what she wants to keep.

"I don't think you want any of this stuff." "But just in case you do I'm going to wait 30 days before I have Salvation Army pick it up"

Sounds like a good strategy if you don't expect to make any profit!

Why when you can buy a whole house including the land for less and rent for more?

200,000

Metro area slightly >1,000,000

CofA Certificate of Approval

A presale inspection required in some areas

Of which Warren though the largest Detroit Sub is still an innocuous very small part. 

I think the Warren sub forum should be changed to the Detroit Suburbs sub forum.