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31 October 2024 | 2 replies
There are probably many posts that contain similar information to this one, but I thought it would be of value to future and existing investors who are starting their journey.We recently completed rehabbing a duplex we bought for $93k and rehabbed for $75k (in retrospect, we could've negotiated a lower price 🤷♂️ - discussion for a different post), hitting an ARV of $190k when our target ARV was $170k.Two things that stood out for me that helped us secure a higher ARV that anyone can use in their next BRRRR were:1) Fix the property to be in the top 75th percentile -> To improve our success rate, we consulted with both our agent and our PMC on what kind of materials and finishes the best properties (highest ARV Comps and Rent Rates) had in the area.
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6 November 2024 | 8 replies
That's the reason we target distressed properties.
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6 November 2024 | 12 replies
Do you think Whole Foods, Walmart, or Target decides on a location because someone in management thinks this is a good location?
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7 November 2024 | 12 replies
Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)
5 November 2024 | 11 replies
@Jahid M.Starting a rental business involves researching local regulations, using platforms like Airbnb and VRBO for short-term rentals, targeting mid-term rentals like traveling nurses or business professionals, and considering Section 8 tenants for stable income.
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30 October 2024 | 6 replies
Anyone have a good web developer that has room for clients!?
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8 November 2024 | 53 replies
I worry that these posts risk them being targeted by bad actors in the space.
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4 November 2024 | 17 replies
You can not target motivated sellers.
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5 November 2024 | 4 replies
We have created many web pages for properties and not once have we ever gotten a lead from it.With that said, it becomes part of your marketing package for future clients.
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5 November 2024 | 6 replies
Below is the months of supply for our target segment.Sales - Months of SupplySix months of supply is considered "balanced," where the number of sellers roughly equals the number of buyers.