All Forum Posts by: Tim Bee

Check and see if you are legally allowed to place cameras in the from entry way.  Then you can monitor if they reach your max gest capacity.  Usually entry way cameras are allowed.

Get a direct deposit from your credit card and pay zero interest. That and your savings should get you close to buying a SFR all cash. Then if you want you can cash out re-fi or just keep it the way it is and enjoy all that cash flow!

5th highest violent crime rate in all of America.

Lots of wear and tear that the owner is responsible for.  Get ready!

It might not be worth it.  You'll be eating away significant portions of your net profit when you take on investors.  Plus you'll likely have to deal with arguments and complaints and other issues from your investor/s.

Detroit is the 5th most violent crime cities of it's size in ALL of America.  Be ware!

You'd save a ton of money transferring the property to your name, getting a low rate mortgage and then transferring it back in to your corporation. Loan depot lets you do that. No need to waste money on DSCR unless your personal income is too low to qualify you.

Try loan depot.  They are a little less restrictive and you might save a quarter point or so when compared with the major banks.

For mom and pop or single investors: After all payments/fees/taxes/repairs/vacancies / mortgages if any, etc. how much does your entire real estate portfolio NET you per month?