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2 January 2025 | 53 replies
They should be easy to find with an internet search.
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1 January 2025 | 4 replies
Leverage local experts: Connect with an architect or zoning attorney familiar with Scranton’s rules.
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2 January 2025 | 19 replies
They are 100% correct.The downside sometimes to forums is people have a superman complex and get the impression real estate is easy as they think everyone is doing it and just jump in without the knowledge or expertise.
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2 January 2025 | 36 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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23 December 2024 | 10 replies
Asking in the correct forum will get a better response.Read the RULES!
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2 January 2025 | 21 replies
There are rules and situations unique to each state and that is why you want to go with a local lender vice someone just reaching out to you telling you they can do it. 2) Better recourse if the lender screws something up: a local lender has more skin in the game so to speak as if they screw something up their name will be mud to local real estate agents in the deal.
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23 December 2024 | 2 replies
Asking in the correct forum will get a better response.Read the RULES!
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30 December 2024 | 3 replies
It’s also worth diving into local regulations and HOA rules—they can shift quickly in coastal markets like this.
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9 January 2025 | 30 replies
I get 20 calls a week, tenants are the easy part,