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6 December 2024 | 25 replies
What a great support system I’m am impressed!
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28 November 2024 | 23 replies
The problem is there are so many glitches in their base system that still need to be ironed out.
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3 December 2024 | 10 replies
I think it would be a good experience for me to get landlord experience in a mostly controlled environment aka I live there.
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22 November 2024 | 10 replies
We can remotely control the temperature, but if someone (a guest) manually changes the thermostat, it overrides our remote settings, which is what we want.
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2 December 2024 | 33 replies
Here’s what I recommend:Cash Investments:No Debt, No Stress: With cash, you avoid third-party control and loan vetting, giving you full control of returns.Equity Builders: Partnering with builders often reduces your property entry cost by up to 20% below market value.Consistent 10% Returns: With an all-cash approach, achieving 10% ROI is realistic and efficient.Financing Strategy:If cash isn’t feasible, consider a balanced financing model:40-50% Down Payment: Keep leverage manageable while maximizing returns.Lower Debt Exposure: A conservative loan-to-value ratio (LTV) reduces risks and keeps returns stable.Work with a Builder: Collaboration with builders can lower acquisition costs and increase your ROI.Key Takeaways:If possible, prioritize cash for simplicity, control, and consistent returns.Financing can work well with a disciplined approach to debt and a strong underwriting process.Partnering with builders offers opportunities to reduce costs and enhance your portfolio’s profitability.
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6 December 2024 | 12 replies
You can reduce size, if you go deeper, but that only works if you have steep sites or are willing to add a pump system to the outlet.
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1 December 2024 | 25 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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27 November 2024 | 10 replies
You can make more money if you have full control, but your time needs to be considered.
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2 December 2024 | 10 replies
This includes, water, hot water, heat, air conditioning, cable, security system, snow removal, lawn care.
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29 November 2024 | 9 replies
Though fee schedules vary by company, generally speaking, you'll pay more up front for checkbook control and less over time, since the full custodial companies will have transaction fees not to mention the red tape of going through the custodian for all transactions.