Helena Goyvaerts
Belgian Investors Starting in Detroit Real Estate – Looking to Connect
2 January 2025 | 8 replies
You MUST understand this as the suburbs are usually much nicer than the city.All of these challenges are why we have a map of Metro Detroit on our website with the cities in Macomb, Oakland and Wayne Counties listed, as well as 183 Neighborhoods in Detroit.The majority of the 48235 zip code is Class C, the question is, do you understand what that means?
Daniel LeGare
Hello BiggerPockets! New PRO here
10 January 2025 | 7 replies
As a CFA you probably know the old quote from Warren Buffett who said something like "buy what you know and understand".
Damon Albers
tenants breaking leases and excessive damage make it hard to be profitable
5 January 2025 | 39 replies
Most turnkey companies proforma does not tell the complete story and that is why is called "PROFORMA" OR "PROJECTION", they don't account for the true vacancy, leasing fees, holding costs, and Headache factors that come with a Class C and D properties and neighborhoods.Hopefully, they can help you get to 100% occupancy and sell the property so that you can re-invest in a better neighborhood and relatively newer property like 2020 or newer if is possible in that market, or just go to another market you understand better or have some kind of connection with.All the best and keep us posted on your progress.
David Fowler
BP Meetup in Barboursville/Huntington, WV Area
5 January 2025 | 28 replies
We’ll find a way to get ppl with varying schedules involved.
Esther Iroko
Tenants not paying rent
1 February 2025 | 23 replies
.- Suggest you try to network with other landlords in your area, check MeetUp app and others.Your other option is to hire an attorney, but understand you will have to pay them for your ignorance.
Aaron Bard
Easy Street Capital (Legit or No?)
1 February 2025 | 19 replies
Thank you Nick - unfortunately it is the name of the game in this space that there will be people with bad experiences, typically when the appraised value doesn't come in as what they expect and they lash out at the lender accordingly (anyone in this space obviously understands this occurrence).
Manuel Angeles
Eric Spofford Section 8 Course
7 January 2025 | 27 replies
Was he really involved in your deals?
Bethany Merlucci
Help this newbie investor to decide if this is a good first property
10 January 2025 | 4 replies
As an investor in a market where cash flow does not come often and appreciation is a bigger play, I understand your mindset.
Arron Paulino
Potential Garage ADU
6 January 2025 | 5 replies
Leverage magnifies return. 3) The effort involved in adding an ADU is comparable or larger than a rehab associated with a BRRRR.
Polat Caglayan
focus on in detroit
9 January 2025 | 5 replies
Local market knowledge is absolutely critical, and it helps to work with someone who really understands the landscape and its nuances.As others have mentioned, it’s a broad question that’s tough to answer succinctly, but I hope this provides some clarity!