7 October 2024 | 0 replies
Current plan is to take out an equity loan on the property (tax rolls have it at ~$300k) and use some additional cash to build 4 units, then refi, then build additional units until we have ~20 doors on the property.
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9 October 2024 | 11 replies
How many properties / doors do you manage?
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7 October 2024 | 7 replies
First I want to thank you for reading, I am new to the investment market and the idea is exciting and terrifying at the same time.A few facts:Purchase Price: 325,000Rental Income Estimate: $5250Property details: This is a 3 door property:1. 1/1(main building)2. 3/2(main building)3. 2/1(separate building)Repair estimates to get all 3 properties up and running: $145,000 - $200,000I do not have a ARV since its very unique there is not anything we can compare to but I am looking to get a third party appraisal.Plan is to do a mortgage for the property with cash down payment.
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8 October 2024 | 4 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.
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6 October 2024 | 1 reply
Networking also plays a vital role; connecting with other investors, real estate agents, and industry experts can provide valuable insights and open doors to new opportunities.
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9 October 2024 | 23 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.
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7 October 2024 | 15 replies
A degree will open doors to a higher paying W2 allowing you to get higher loan amounts to continue to scale.
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8 October 2024 | 36 replies
I have witnessed people door knock for leads, that being said I don’t want anybody at my door.
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7 October 2024 | 24 replies
I am embarrassed to admit how much time I have spend on these and I only have “2 doors”But I can say I used both Stessa and Landlord studio a lot so can actually be helpful here.
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9 October 2024 | 13 replies
I'd say house-hacking is one of the best ways to get your foot in the door of investing.