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13 January 2025 | 8 replies
I did that out of necessity with my first 2 houses and was able to buy in a nicer neighborhood than I could actually afford because they weren't updated.
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16 January 2025 | 10 replies
My previous renters were relocations - either had sold their home and looking to buy another (low inventory so takes a while to find a home to buy) or moving here from another city and didn't know yet what neighborhood they want to be in, or alse building a home and need a place to live until it's completed.
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6 January 2025 | 9 replies
I was just hoping to transition it into LTR and since we have newer furniture that fits the space well, it just seemed a shame to sell it all to do an unfurnished LTR, but again, I'm having a hard time understanding how logistically some of the details are worked out with that with furniture involved in an LTR.Thank you again for the support!
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11 January 2025 | 15 replies
no one killed that we know of so far but several injuries and a few neighborhoods hit pretty badly.
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13 January 2025 | 11 replies
I know I already mentioned this, but @Mordy Chaimovitz...If you can get by with lower cash flow and invest for the long-term generational wealth (aka appreciation) in nice neighborhoods, that is the way to go, but it's tough to get by at times -- at least it is for me.Just know everyone's situation is different, and you should do what is best for your specific circumstances!
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10 January 2025 | 6 replies
That sounds like a perfect fit for you
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20 January 2025 | 37 replies
Anywhere that has consistent or slightly growing population and a decent job supply may be a good fit.
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17 January 2025 | 22 replies
Doing long-distance BRRRRs can definitely be tricky, but the key is building a solid local team you can trust—property managers, contractors, and agents who really know the area make all the difference.Ohio has a lot of great opportunities, but you’ve got to know which neighborhoods are worth it and which ones to steer clear of.
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7 January 2025 | 5 replies
Eventually I realized that you really just need to look for a deal that fits your criteria.
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9 January 2025 | 10 replies
@Mattin Hosh first, most cities in Metro Detroit have some type of rental property inspection every 2-3 years.It's not really a big deal 99% of the time - especially for owners who are NOT slumlords:)Also, a quick Google search will show that several states/cities are passing/considering similar legislation.One of the biggest mistakes we see newer investors making is NOT properly understanding Neighborhood/Property/Tenant Classes and naively assuming that any rental they buy will deliver Class A results.Read our copy & paste thoughts below and DM us if you'd like to dicuss more about the Detroit market:)-------------------------------------------------------------------------------------------------------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?