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22 January 2025 | 15 replies
Though the buildings are attached, the guest rooms all have individual exterior entrances with no interior connection to the residence.Â
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19 January 2025 | 6 replies
De nada 😎I don't know that market at all (FYI, I don't see this is other Midwest markets where my CFO clients buy properties), but I suspect it's related to perhaps the international investors that agent may work with...they are often cash buyers as it's very difficult to borrow here if you're not a U.S. citizen.
22 January 2025 | 14 replies
We've seen this soooo many times in our Detroit market:(Have actually had owners choose not to do business with us because their previous PMC didn't require it - so, they thought we were the incompetent ones.Have also seen incompetent PMCs wiring funds internationally to owners - and these owners not having an ITIN, EIN or SSN!
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26 January 2025 | 11 replies
Admittedly, I made the interior nicer than I probably should have for the area.
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12 January 2025 | 4 replies
@Jim G.Per the International Residential Code if the glazing is less then 60 inches vertically from a standing or walking surface then yes it’s required to be safety glass as it’s considered a hazardous area. Â
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26 January 2025 | 2 replies
Unfortunately, most PMC contracts are pretty vague making it a challenge to get useful information.3) A mix of the two aboveSome PMCs have internal handyman type ServiceTechs for small jobs that they bill hourly for, but get bids for any job requiring a licensed contractor.An owner should understand what type(s) of the above that their PMC uses and discuss as necessary to better understand.THE CHALLENGES OF GETTING 3 BIDSWe wanted to touch on this topic because it seems to be a pain point between PMCs and owners.In theory, it's easy to get multiple bids - you just search online for companies and contact them to get a bid.Â
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15 January 2025 | 5 replies
House gets foreclosed on when a borrower is not paying its debt obligations - typically its mortgage.buying foreclosures is not for the faint of heart as you have no idea of the interior of these properties lastly while it can be beneficial also realize if there are a lot in an area those homes are the new comps when trying to sell so it lowers home values in an areaÂ
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27 January 2025 | 4 replies
Wealth in real estate is usually, though not always, made by buying and holding properties, and the passage of time. 3) Consider working for a property manager or real estate investor in the summers as an intern.
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16 January 2025 | 6 replies
I would say that even more of our owners don't see the interior of the property for years after owning it.Â
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12 January 2025 | 1 reply
The property is unique—it’s off-grid with a well, solar power, and a fully finished interior.