Looking at purchasing small 3 BR 1 BA house.

We’re fortunate to have an above-average income and live well below our means.This summer, we’ll be moving to Detroit (PCSing in August), and we’ve saved about $120,000 to invest in addition to having funds set aside for the home we’ll purchase in Detroit.The reason I’m posting is that I’m struggling to decide how to best allocate the $120k.

Has anyone made a purchase on MKE yet since this chat or purchased through ACE?

We created the Academy as a way to help those that are "on the fence" about when or where to purchase investment real estate as well as to help those that wanted to learn more about investment real estate prior to investing.

Here are the pros as i see it: easy (no purchase necessary, you know the property), likely prop 13 property tax discount, possibly below current rate loan.  

If so, then you would want to purchase a homeowner's policy.  

If you are looking for Detroit-specific help, @Drew Sygit would be a good resource.

The key to purchasing more real estate is by focusing on the fundamentals of the real estate.

Hi, long time follower, however not too much on posting.Goal: I’m looking to purchase a 3 family property in central CT.Position: Currently I own two condominiums that are under an LLC.

NOI divided by purchase price gives you cap rate.