
7 January 2025 | 27 replies
I also have rentals in Detroit that I get far higher rents with cash paying tenants than I would a section 8 tenant.There are a lot of factors at play and the answer to "why would the government allow our tax dollars to be spent this way?"

3 January 2025 | 8 replies
When new construction slows, demand will continue to remain strong, and that is what will drive rents up in 2026 and maybe Q4 (possibly Q3 in some markets) in 2025.

4 January 2025 | 14 replies
Note: I'll caveat: I believe that other factors should be considered when analyzing the market as well (i.e. economic growth/stability, low crime rate, affordability, etc.)

23 December 2024 | 4 replies
What factors should I prioritize when choosing the best approach for my future success in real estate?

26 December 2024 | 2 replies
And in part, it depends on the investors and capital that you have access to (this tends to play a factor in many decisions when raising outside capital).If you do want to go the fund route, you might want to consider using Avestor.

26 December 2024 | 3 replies
This influx of workers will naturally drive demand for housing, retail, and other services in the surrounding areas, especially in smaller towns and cities that haven't seen major growth in decades.

14 December 2024 | 0 replies
Last night, I heard an inspiring story about a mom who brought her young kids along for a 45-minute drive to tour an investment property.

14 January 2025 | 329 replies
Yes, the bi-yearly nit picky inspections can drive me crazy, (torn screen , etc) but in the long run it’s worth it.

27 December 2024 | 15 replies
I've included an example below to help illustrate this.So different lenders have different rates (which do vary even for DSCR loans) but these are factors they all consider.See example below:DSCR < 1Principal + Interest = $1,700Taxes = $350, Insurance = $100, Association Dues = $50Total PITIA = $2200Rent = $2000DSCR = Rent/PITIA = 2000/2200 = 0.91Since the DSCR is 0.91, we know the expenses are greater than the income of the property.DSCR >1Principal + Interest = $1,500Taxes = $250, Insurance = $100, Association Dues = $25Total PITIA = $1875 Rent = $2300DSCR = Rent/PITIA = 2300/1875 = 1.23If a purchase, you also generally need reserves / savings to show you have 3-6 month payments of PITIA (principal / interest (mortgage payment), property taxes and insurance and HOA (if applicable).

4 January 2025 | 35 replies
Detroit is appreciating rapidly, due to many factors, and it still cash flows or at least allows you to operate near break even.