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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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26 December 2024 | 21 replies
Then and only then will congress kill this idiotic legislation.Your prediction reminds me of a four-digit number: 1776
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22 January 2025 | 203 replies
Homelessness is a big problem in CA but they are also doing more than any other state to address it and homelessness only increased 3% there last year compared to double digits in many other states.
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24 December 2024 | 13 replies
Many of these were lost in tax sales, and the ones that they got re-performing underwrote loan mods at low single digit interest rates during ZIRP and could not resell them at a profit once interest rates were hiked.
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30 December 2024 | 103 replies
This week he met a syndicator that has a lot of success (by a lot I mean lives in easy 8 digit home, local and in Detroit), but did not really know what to discuss or what to try to learn from him.
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20 December 2024 | 6 replies
People can remotely access the homes using your digital lockboxes, if you have them.
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18 December 2024 | 4 replies
We see a lot of success in the suburbs: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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18 December 2024 | 3 replies
You should be able to get a good feel for their knowledge and expertise through digital resources they provide (webinars, youtube videos, social content) Character - You need to believe they have your best in mind and they prioritize it.
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18 December 2024 | 3 replies
Attractive digital marketing fliers, 3d tours, professional tours, rent specials, and competitive pricing all help too!
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28 December 2024 | 23 replies
I am financially free (8 digit net worth snd expect to achieve 9 before i die) but never see myself stopping the pursuit of more wealth.