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17 December 2024 | 16 replies
I got a very good price on the building (about $25k per door), but it was a ton of work as in addition to tenant issues, there was TONS of physical distress (foundation repairs, sewer line and water line repairs, electrical upgrades, new roof, and apartment renovations needed for all units).
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9 December 2024 | 23 replies
Quote from @Jordan Sachs: A dead tree from the property next door fell on the garage of one of my properties.
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10 December 2024 | 13 replies
Secondly the kitchen could use some cosmetic upgrades as well especially considering the bathrooms look so nice.
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9 December 2024 | 5 replies
If they're not familiar then it's your chance to get your foot in the door by bringing 1031 education to them.It's been a few years since I checked but at one time NAR showed statistics that of all the transactions potentially qualifying for 1031 exchanges, only about 10% were actually handled that way.
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14 December 2024 | 36 replies
I have 9 doors in Memphis and Detroit and hope to add Cleveland in the near future.
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29 November 2024 | 6 replies
Cap rate, per door price, gross rent multiplier.
9 December 2024 | 1 reply
Is he going to just tell you to knock on doors and write letters, or is he going to introduce you to well vetted agents in your market that are known to source deals and sell for realistic prices?
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16 December 2024 | 35 replies
Could you elaborate on how not having a balance sheet would affect an 18 door SMLLC with no mortgages.
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13 December 2024 | 13 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.
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7 December 2024 | 8 replies
Further Evaluation (Professional based)Comment 2: Yard wetComment 23/24/25/26/27: Electrical WorkComment 4/5/6/7/40: Glass repairs/sealedComment 28/29/30: Hvac repairsComment 49: Chimney inspected/cleanedRepair (Handyman based)Comment 3: Vegetation removalComment 12: Leaking hose bibComment 13: Sewer cap replacedComment 19: Door knob replacedComment 22: Replace all batteries in smoke detectorsComment 38: Replace clamp in sinkComment 39: Replace dishwasherComment 41/48: Dry wall prepareComment 44/47: Door repairHave you decided on a property manager yet?