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31 January 2025 | 9 replies
I see more sites going to just their regular website, optimized for the phone, than dedicated apps.
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14 February 2025 | 15 replies
Not exactly the same area, but there are a lot of parallels to owning and managing in both locations.
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27 January 2025 | 35 replies
I believe the prices will fall even more.
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30 January 2025 | 1 reply
This does pose a challenge since that real estate is a lot more expensive than if you go more west and south.
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2 February 2025 | 5 replies
To be more specific about what i'm looking to do: My 1-2 year goal is to employ the BRRRR strategy with SFHs and Condos by buying distressed / highly undervalued properties that need work (preferably all-cash) in low crime areas with strong rental demand, renovate them within budget (again preferably all-cash) and get them rent ready before refinancing them at the highest ARV possible.
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5 February 2025 | 38 replies
Thank you.By now you may know more of what's going on, and it does not look good.
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24 February 2025 | 2 replies
I know a lot of people who are in the wholesaling industry and what we are seeing is that texting won't be a viable marketing method for long at all.
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24 January 2025 | 18 replies
I’d love to hear more about what you’re considering and help point you toward resources that align with your goals.Best of luck as you map out this exciting next chapter—I’m confident you’ll crush it!
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24 February 2025 | 8 replies
Once you find a good, investor-friendly realtor, the process will become a lot easier.
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18 February 2025 | 8 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.