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14 December 2024 | 101 replies
So then Nick ask everyone who is interested to learn everything there is to real estates (he explained earlier - to secure your future you got to have knowledge which then you gain control and thus less risk - i thought that made sense) to now stand up and go to the back and sign up as seats are already filled.
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25 November 2024 | 19 replies
If you have only 2-3 rental properties, I would recommend taking full control of management at once rather than transitioning one at a time.
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2 December 2024 | 35 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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19 November 2024 | 12 replies
Agree, Ring or some other camera monitoring system, security systems will have issues with alarms & beeping and other issues which might be a nuisance for guests.
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1 December 2024 | 32 replies
Bay Area, did a local renovation where I was able to do walk throughs with the contractor, and have pretty good control of this property, can check on it multiple times a week.
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27 November 2024 | 13 replies
So although you have HOA dues, sometimes it isn't enough and you don't have control over that cost (if it goes up, special assessments, etc.).2.
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26 November 2024 | 1 reply
Has anyone dealt with this requirement and if so, what systems do you recommend.
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26 November 2024 | 6 replies
@Matthew HoldenDo you have checkbook control or full custodial SDIRA?
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27 November 2024 | 2 replies
Here's what I've learned:Inspections Are Non-Negotiable: Always get a full inspection, but don’t stop there.Plumbing & Sewer: Have the plumbing and sewer systems checked specifically, as these are common problem areas in older homes.Electrical System: If the inspector flags any electrical concerns, bring in an electrician during the inspection phase for a detailed evaluation.
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3 December 2024 | 16 replies
This method gives you more control and is often a faster way to build wealth.Forcing appreciation allows you to create value rather than waiting and hoping for the market to rise.