Danth Aman
Real estate agent is representing buyer and seller. Seller is the real estate agent.
21 January 2025 | 8 replies
I would look for an experienced agent of my own who understands what is standard for your market.
Zachary Young
Where To Buy My First Rental Property
19 January 2025 | 54 replies
The biggest mistake I see out of state investors make is relying on others too much for direction and guidance instead of doing their own due diligence and building their own team that they actually meet and interviewRelying on one person who alleges that they have a 'team' built already that you can use as well can be a costly mistake.
Ashley Kroft
Getting Started in MTR in El Paso TX
22 January 2025 | 4 replies
MTRs fall into the standard long term rental( 30 day +) category and will follow those regulations set for Long term rentals.
Stephanie Menard
Expensive lesson by leaving one clause out of rental agreement
19 January 2025 | 41 replies
I don’t know if the police would meet you there to arrest the criminal but that would just be icing on the cake.
Rae Chris
Properties, Networking, Advice,
2 January 2025 | 13 replies
@Rae Chris Ann Arbor is pretty expensive, so difficult to find cashflowing rentals.You may want to look in Ypsilanti - if you want to stay in your area.Otherwise, Metro Detroit offers a LOT of options.Read our copy & paste below for some helpful info:---------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Jerry Zigounakis
3-2-1 Buy Down
22 January 2025 | 6 replies
I'm in the process of purchasing a STR and am intrigued by the 3-2-1 buy down. 1st year of the loan would be 4.5%, 2nd year 5.5%, 3rd year 6.5%, 4th year standard market rate.
Jerry Zigounakis
Best Growing Markets To Invest In
23 January 2025 | 11 replies
-----------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Matthew Steele
Lost lease, tenant issue
4 January 2025 | 11 replies
I suggest having him complete an application to determine if he meets your criteria.
Keith Groshans
Keep Idle Cash Working in SDIRA
15 January 2025 | 8 replies
I am wondering if transferring the cash periodically to a standard brokerage IRA account may be my best option.
Robert Spiegel
Security Deposit Deduction: What is reasonable for cleaning
21 January 2025 | 10 replies
However, hauling away a truckload of items and cleaning beyond standard expectations could reasonably be charged to the tenant, as it goes beyond normal use.Goodwill Gesture: Since this tenant was great for 5.5 years—paying on time and caring for the property—you might consider waiving part of the cleaning cost as a goodwill gesture.