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6 February 2025 | 42 replies
If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 5-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.
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27 January 2025 | 1 reply
Once you're ready, create a goal (e.g., "I will buy at least one single-family home, duplex, triplex, or fourplex before the end of 2019") and then do it.
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29 January 2025 | 22 replies
It's a great market because you can still find section 8 rentals well over the 1% rule.
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28 January 2025 | 4 replies
Year 0: ($2,000 - $1,700) x (1 + 2%)^0 / (1 + 5%)^0 ≈ $300 in today’s buying power.Year 5: ($2,000 - $1,700) x (1 + 2%)^5 / (1 + 5%)^5 ≈ $260 in today’s buying power.Year 10: ($2,000 - $1,700) x (1 + 2%)^10 / (1 + 5%)^10 ≈ $225 in today’s buying power.Year 15: ($2,000 - $1,700) x (1 + 2%)^15 / (1 + 5%)^15 ≈ $194 in today’s buying power.So, if you purchase property in a city where rent increases at a slower pace than inflation, the amount of goods and services you can buy will decrease over time due to inflation.Here is what I recommend:Purchase in a city that possesses the following characteristics.Significant and sustained population growth.Rapid and sustained appreciationBalance negative cash flow, interest rate buydown, and increased down payment to create an acceptable cash flow situation today.Refinance when rates fall to increase cash flow.
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29 January 2025 | 10 replies
We created a model for our investors that show AAR/IRR/EM but also what that does to your capital in $ terms.
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22 January 2025 | 8 replies
I am also a huge fan of real estate and for the past 50 years there's been a way to combine both.By leveraging a Self-Directed IRA, real estate investors enjoy both the traditional advantages of property ownership and the additional tax benefits of retirement accounts, creating a powerful wealth-building strategy.
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15 January 2025 | 13 replies
created a free eFiling option for 1099s directly with the IRS.
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27 January 2025 | 12 replies
I recently worked on an off-market deal here that turned into a great BRRRR success, proving how the right team and strategy can create equity and cash flow, even from a distance.If you ever need help analyzing deals or navigating the OKC market, I’d love to connect and assist however I can.
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24 January 2025 | 0 replies
Germany's resilience to global financial crises and its strong fiscal policies create a favorable environment for real estate investment.Moreover, interest rates in Germany remain at historically low levels, largely due to the European Central Bank's monetary policies.
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31 January 2025 | 11 replies
Keep detailed records of income, expenses, and improvements, and choose the right filing approach based on your comfort level with these rules.This post does not create a CPA-Client relationship.