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31 October 2024 | 10 replies
Be sure to attend your local REI meetups to build up a strong network and check out the forum topics specific to your goals.
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31 October 2024 | 4 replies
Align yourself with several investor-strong agents or long-time agents with tons of connections.
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1 November 2024 | 6 replies
Also, as you highlighted the tenant base is highly reliable, with strong employment, security clearances etc.
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1 November 2024 | 30 replies
Smaller renovated Lakewood two families (less than 2000 sq ft) can be bought under $200K (sometimes under $175K) but rents potential much lower (e g $900 vs $1200 a unit)Clifton Edgewater (west of West Blvd, north of Detroit) and Kamms (area just south of Lakewood) along with Lakewood have always been strong areas and are priced at/near Lakewood (and to some extent share the same tenant base).
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1 November 2024 | 5 replies
Focus on properties that will have a strong rental market and a clear path to increase in value.Overleveraging:Some investors refinance and pull out too much equity, leaving them with little to no cash flow.
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30 October 2024 | 35 replies
Even in landlord-unfriendly cities like NYC and San Francisco, major investors are drawn by strong demand, high population density, and historically stable property appreciation.
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31 October 2024 | 7 replies
@Cory MeliousGiven the clear lease addendum and initialed acknowledgment of the rules, you’re in a strong position to recoup at least part of the repair costs from these tenants.
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31 October 2024 | 8 replies
It sounds like you're in an ideal position to transition into real estate investing, with both your industry experience and a strong local market at your advantage.
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30 October 2024 | 10 replies
With today's market I think it's important to get creative with sourcing/structuring deals in order to make them strong investments.
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30 October 2024 | 3 replies
Turning your space into an assisted living facility sounds like a solid move, especially if there’s strong demand in your area.