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22 July 2024 | 10 replies
Current House - Hacker on a Triplex, still a DINK (Double Income No Kids.. for now) purchased off the MLS during COVID.
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23 July 2024 | 27 replies
Most of the outskirt cities in the MSA all work, you just need to double check that a good manager will drive out there.
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21 July 2024 | 6 replies
This is common with renters coming in from out of the country or renters who refuse to share their SSN.I double checked on SmartMove if you can run a report on an applicant without a SSN and it says, "At this time, SmartMove only has the ability to process an application for renters who have a valid U.S.
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21 July 2024 | 4 replies
For example, if you are doing a rental arbitrage model and paying 1000 in rent 300 in utilities I would at least double this to make a profit cover depreciation of the furnishings and leave some extra breathing room just in case.
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20 July 2024 | 5 replies
I would just know that if you think it takes for example, 20 reach outs a week to wholesalers and door knocking 200 homes, make sure you double it.
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22 July 2024 | 38 replies
The horror stories are people buying too cheap and buying bad houses.Lots of great opportunities in Metro Detroit.LogicalPM can manage.We just heavily recommend not buying the cheapest property or getting tricked by a wholesaler on a $15k “great opportunity”.Just buy the good stuff.Metro Detroit (my rental portfolio is here)Purchase: $80k-$130kRent: $1200-$1500ROI: 10-14%Cash flow: $250-$350/doorAppreciation: Double digit (for past 10 years, will gladly send data)Location: C+, B- (suburbs and certain markets)We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, mortgage, Amazon fulfillment, and more jobs.The bad reputation comes from OOS investors wanting $20k D market properties.
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21 July 2024 | 35 replies
I tied up a small project 16 lots ( high end lots) that If memory serves we were in contract for 550k spent 60k on entitlements and sold for 1.2 on a double close.
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20 July 2024 | 16 replies
Not ideal, but their assessments are still double digits under true market value.
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16 July 2024 | 9 replies
Georgia does indeed allow double closings.
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16 July 2024 | 6 replies
I know some people will do an assignment fee and some will do a double close.