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9 January 2025 | 10 replies
@Mattin Hosh first, most cities in Metro Detroit have some type of rental property inspection every 2-3 years.It's not really a big deal 99% of the time - especially for owners who are NOT slumlords:)Also, a quick Google search will show that several states/cities are passing/considering similar legislation.One of the biggest mistakes we see newer investors making is NOT properly understanding Neighborhood/Property/Tenant Classes and naively assuming that any rental they buy will deliver Class A results.Read our copy & paste thoughts below and DM us if you'd like to dicuss more about the Detroit market:)-------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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12 January 2025 | 8 replies
MOST people regardless if they are renters or home owners spend over 30% of their income on housing and utilities.
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7 January 2025 | 5 replies
I found this article that allows Fannie Mae and Freddie Mac loans to move the loan to an LLC: https://servicing-guide.fanniemae.com/THE-SERVICING-GUIDE/Pa...as long as I am the majority owner in the LLC.
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5 January 2025 | 17 replies
They usually sell for a really attractive price because investment property financing is (obviously) difficult, somewhat limiting the buyer pool to owner-operator small business owners (who in turn are typically great clients, as well).
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11 January 2025 | 15 replies
with 4K deductible home owners is $5300. 1600 sq ft rental, $2400.
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10 January 2025 | 12 replies
this means that these owners are under much less pressure to sell, and so they don't really care that their price won't let the property be a good rental.
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6 January 2025 | 0 replies
Partner Driven identified the property through our direct-to-owner strategy.
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9 January 2025 | 9 replies
We recently updated listing to sell as an owner finance (wrap).
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26 December 2024 | 11 replies
I doubt you want me telling you how you could help by giving your money to my pet causes.
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14 February 2025 | 161 replies
Upside is that you are paying off debt a lot faster with more towards principal and less towards interest. 20% down is only for SF, even a duplex will require 25% down unless owner-occupied.