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18 November 2024 | 1 reply
AI - Machine learning capabilities can help you calculate market rents, find comparable properties, and identify lucrative investment opportunities.
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20 November 2024 | 13 replies
.$100k for a 2/2 is high for the City of Detroit, unless at least Class B.So, you should take time to understand the NEIGHBORHOODS in the City of Detroit.You might want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider: https://www.biggerpockets.com/member-blogs/3094/99854-deep-dive-into-metro-detroit-cities-ecorseContact us with any other questions:)
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26 November 2024 | 86 replies
Half of sponsors are now getting crushed when the going is getting tough, and those previous track records don't really mean much, compared to the things I list above.
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18 November 2024 | 2 replies
Compare those owners with younger owners who have higher incomes and more desire to build large reserves for the future with the older folks who won't see the future and you can see the problem.
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16 November 2024 | 5 replies
You can win most tax appeals when your taxes are just out of whack for comparable properties so if you can find examples of similar properties with lower taxes, that is the only way you will win.
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19 November 2024 | 23 replies
Create a simple spreadsheet or written list to compare the features of each and identify the ones that align with your requirements.
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26 November 2024 | 46 replies
Look into out-of-state markets for better affordability and ROI opportunities.Success requires risk, but calculated risks with proper preparation can lead to life-changing rewards.
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15 November 2024 | 17 replies
That way I am rewarded but not using the business account as a piggy bank.
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20 November 2024 | 22 replies
No matter the market run your numbers and make sure it makes sense for that local area compared to what you can expect.
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18 November 2024 | 9 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.