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30 January 2025 | 56 replies
Much like other markets in the Midwest, investors go to our market because of the low barrier to entry.
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14 February 2025 | 19 replies
we can do it not rented but rate will be significantly higher. easier and more cost effective to rent it. unless the bridge money needs to be paid back asap or you need the funds back to buy more, then a cost analysis needs to be done. personally id get it rented at market rent or a touch below if time is a factor.
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11 February 2025 | 7 replies
From what I've seen in this area right now, it seems like you'd have a hard time paying market LTR rents and making a good spread.
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26 February 2025 | 2 replies
I haven't bought a deal or anything I'm still saving up, I'm at 25k I'll hopefully be ready to buy in the next three years, otherwise the city I'm buying in is Barrie which is generally a great appreciation market, I've got two brothers Chris owns two rental properties and Ryan just bought his first partnering up with my brother chrises second deal, so I might partner up for my first deal I don't know yet tho depends on what my brothers want to do.when shopping properties I do remember from the book you shouldn't buy properties based off cap rates but im wondering at the beginning do you first skim this information say the property is listed at a 6% cap rates which is common in the Barrie market would I then would go walk the property and see if things are viably ok, once I believe it's resdy for a professional inspection I'll get information about deferred maintenances mainly capex based off what I need to repier I'll be walking the property with the professional and I guess he'll give me a rough cost of How much everything that is needed and when I need to get the work done due dates, also I don't know how to calculate how much I should set aside in monthly terms after I get the required information from the inspector I'll be doing this for the first time, if the pure cash flow is incheck I believe usually NOI is usually around 60% including appreciation and mortgage income andone going deferred maintenances around 35-40%, now I'm ready to make an offer?
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16 February 2025 | 2 replies
We blast 500 - 5,000 messages a day from one number in multiple markets, and we never had an issue.
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22 February 2025 | 2 replies
Does anyone have a suggestion for an app I could use when visiting houses so I could just bring along an iPad and jot down details/notes when I walk through the house and keep track of all the properties I've visited?
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1 February 2025 | 2 replies
Networking, is mostly with rehabbers in the group that we sell houses to.
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29 January 2025 | 16 replies
Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)
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20 February 2025 | 4 replies
Any particular style of house that interests you?