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2 January 2025 | 36 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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23 December 2024 | 7 replies
Hey Randall,Your question totally depends on your goals and situation but rarely is it best to lose $200 a month.
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29 December 2024 | 24 replies
I take a percent off of total top line (including cleaning fees) that is 5-10% less than what a local "hands on" operator would charge.
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20 December 2024 | 3 replies
Hey Chris, a few thoughts here.Considering that office is not attached to the house, I wouldn’t add any footage to the total home square footage; however, you could advertise that office space and amount of footage and amenities in your remarks.If you’re a Realtor or are using one for the sale, your local MLS may have fields dedicated to additional footage for other buildings on the property, such as ADU’s.The other point is that typically, perhaps depending upon location, a space needs to have heating to count in the square footage, which this office doesn’t have if I understand correctly.Consider contacting an appraiser to inquire about how they would handle this space on an appraisal, or a Realtor.
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23 December 2024 | 4 replies
This is a summarized version of events, but stray I rescued off the street gave birth to 7 puppies, bringing my total to 13.
19 December 2024 | 6 replies
Yes I think the best move here is to asses your total monthly debt and see if a cash out refi will help decrease the total interest and monthly debt obligation.
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28 December 2024 | 16 replies
This display didn't help, he was ordered to vacate in 5 days and ordered to pay 2.5k, almost the total amount I requested.
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30 December 2024 | 819 replies
Says ESTIMATED total of 9,100.
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21 December 2024 | 6 replies
So even though the total housing numbers may go up, they are not meeting demand for the working class renters who need affordable housing.
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21 December 2024 | 10 replies
Depending on these answers one lender who charges 3 points could theoretically have lower total transactional costs than a lender who charges only 2 points and its important to understand all fees associated with each lenders origination process.