Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

It requires no money upfront, so you will join thousands of others trying to do the same in your market.

Be careful when you select entity types.A pass-through entity in the United States, such as an LLC, may not hold the same characteristics in Canada.What market are you looking to invest in?

This deal doesn't meet the 2% or 50% rule of thumb, but it has positive cash flow and is in a growing market, according to the latest 2024 Top 100 data from BP. 

I signed up for their investor profile because I am interested in the appreciation in the North Texas (or northern suburbs of DFW) market.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

Reno Scenerio Off Market Purchase Price - $185k ARV = $315-335kReno - $55-65kHolding - $10kClosing both ends - $25k= $335 , $315-$285 =$30-50k gain  As-IS Scenario Purchase - $185kSale Price on MLS :$225- $235kClosing both ends - $20kHolding - $4k= $235 - $209 =$16-$26k gainIn both scenerios I’ll be 1031ing it into a new investment.

Recently, I became a licensed agent specializing in short-term rentals and multifamilies, particularly in vacation markets and Worcester County.I joined BiggerPockets to share insights, learn from others, and connect with investors who want to scale their portfolios.For those who are active on this platform:-What’s the best way to introduce myself and provide value here?

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

This is one of the main inherent risks with pre-construction, and the pre-construction market has cooled, and with impeding tariffs, there is some uncertainty around where prices will be in the coming months.One thing to clarify, are you looking to buy an investment property or a primary residence (or perhaps abit of both where you live in one unit and rent out the other)?