All Forum Posts by: Richard Dunlop

@George P. is in one of the suburbs and says prices don't make sense. I invest in the city and the close in suburbs and wonder why anybody invests anywhere else as I see appreciation higher than anywhere AND cash flow better than anywhere else!

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Welcome to BP

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Quite a few...

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WHAT?

I have bought foreclosed houses with tenants in them. The "professional tenant's" most common trick is to give notice (multiple times if you believe the first one) They almost always try to convince you that they were just in process of moving.

The way to handle this is to politely give them written notice and tell them you know that they are moving anyway so this probably will have little to no effect on them.

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Originally posted by @Johnny Wudwanee:

...What do you guys think? I've looked a bit into San Antonio, Sacramento, Colorado, Detroit...

A world of difference between those choices! I like Detroit if you buy right the appreciation and cash flow are better than anywhere. But tread carefully.

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Originally posted by @Russell D.:

@Richard_Dunlop I had no idea, that is SO encouraging. I'm originally from AZ and that's the market I fell in love with, when I moved to MI two years ago at first I was not impressed with the market as it it appeared there was a mass exodus taking place in the state. The longer I've lived here the more I've realized that wasn't exactly true and I've seen more opportunity than I had first thought. Thanks for giving me a giant sigh of relief though. That is doing good news indeed!

I know where Prescott Arizona is.

I didn't know there was a Prescott Michigan.

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Michigan is the market that is the easiest to get started in!

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Arguing on how to figure Cap Rate!

Is my mother in law allowed to change the Cap Rate for my City?

If I fire the janitor for the property I purchased 4 years ago does that change the Cap Rate for the property I am purchasing in 3 months?

2 Votes

All Forum Posts by: Richard Dunlop

Richard Dunlop has started 7 posts and replied 714 times.

Post: Cash on Cash ROI...reality check

Post: Cash on Cash ROI...reality check

Post: Real estate market in Detroit

Post: Hello from Livonia, MI!

Post: Real estate market in Detroit

Post: Professional Tenants Request Water Test What's The Angle?

Post: First Time Investor Advice

Post: New member in Michigan, from AZ

Post: New member in Michigan, from AZ

Post: Most repetitive topics on BP