Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

Hi everyone,I'm going to be building a portfolio in Kansas City and at the start, the properties will be multi family targeted at MTRs.Does anyone have recommendations for legal counsel / prep on contracting for those? 

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

We allocated $33,000 to targeted renovations, modernizing the interiors and improving the overall curb appeal.

Is it safe to assume that with rates much higher, that the target IRR is now in the mid to high teens?

It is very dependent on your place, location, and target guest, but I have built my properties' social following to almost 50,000 followers, with 65% direct bookings from that.

Birmingham, AL is my target city for a boat load of reasons, but I live up in Philadelphia, PA.

For the bankruptcy properties, we contacted the trustee phone numbers on the website, however, they usually just replied to ask us to look for debtor's attorney.For short-sales, we searched the listing on zillow.com, but majority of them are off market.We used BP recommended realtor and asked if they can help with the properties we targeted, the realtor searched for a week of the foreclosure ones and get back to me that she believes she will not be the right partner.

For the 10 year period spanning September 2014-2024, single-family prices in Austin nearly doubled, yielding an annualized appreciation rate of ~9.8% in that period.With inflation nearing its 2% target and signs of a slowing labor market, the Federal Reserve last month made its first cut in to the federal funds rate since the start of the COVID pandemic.

That’s why I prefer Google—it's much more stable since it targets actual intent through the keywords people are searching for.