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23 September 2024 | 4 replies
The biggest thing I can't get over, is the new agent objections.
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25 September 2024 | 17 replies
At the end of the day my biggest regret is not buying a duplex to a quadplex with a FHA loan.
22 September 2024 | 8 replies
Keep in mind, you want there to be enough incentive for them to work hard for you.
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27 September 2024 | 48 replies
The median price is still just $90k and I wouldn't be surprised to see it double again pretty quickly.The other nice thing about Michigan is property taxes are capped at the rate of inflation with a max annual increase of 5% per year.The biggest drawback of Detroit is tenant quality IMO.
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23 September 2024 | 33 replies
There are some that even give landlords 4K incentives for accepting. 3.
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23 September 2024 | 5 replies
As others mentioned, look at what other debt you have and make sure the highest interest debt is paid off first.In a perfect world, you'd figure out where your money would make the biggest bang (ie the most money) and put it there whether that was a paying down a mortgage or investing in something else.
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25 September 2024 | 14 replies
Submit all of your info etc and see how much you qualify for.This will change in the future as you start to do other deals, but this is the best way starting out and doing a house hack etc.As for college, I went to college and it was one of the biggest financial mistakes I have ever made.
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21 September 2024 | 7 replies
Once you do a 1031 exchange, there's very little incentive to just sell outright and get hit by capital gains + depreciation recapture.
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23 September 2024 | 15 replies
Very possible biggest factors are can you find the deals that will be profitable (I work with auctions and that varies hugely) and how fast can you execute them and move to the next one, remember that you have time on the market and closing time once under contract (usually an extra month) before you get the capital back out.
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22 September 2024 | 11 replies
Based on 45 years in real estate, I’ve experienced these types and I believe they are the biggest time suckers to be avoided as quickly as possible Types of Customers to Avoid1.