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22 October 2024 | 7 replies
The city’s investment in infrastructure, new businesses opening up, and revitalization projects have made a real difference in neighborhood quality and overall economic activity.Population Growth: After decades of decline, Detroit's population is finally growing again.
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22 October 2024 | 7 replies
The many bad advice on this platform are mostly in part attributed to "AI" making everyone look smart but the few true ones like you would greatly benefit from a natural conversational interface tool that refers people to you for your quality advice.I remain a cautious, optimistic skeptic but open to embracing what the future holds.
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18 October 2024 | 7 replies
Just a lot of systems, paperwork organization, and staying abreast of/within the law (required notices, addendums, etc.).3) The screening criteria we use:650 credit score or aboveIncome 3x the monthly rentNo pets (depending on the property)No smokingNo evictions, notices to comply, or money owed to landlords in the past 12 monthsProof of income and financial responsibilityAdditional:First, last, and security deposit due at signing750+ credit score does not require last month rent (helps incentivize quality tenants)Best of luck!
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23 October 2024 | 15 replies
The same applies to your financial health when it comes to taxes.Remember, when you pay for quality CPA services, you’re not just paying for tax compliance; you’re also paying for advisory services that help you make the best financial moves and tax strategies.
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20 October 2024 | 1 reply
JADU typically subtract value so if you plan to sell in the future it is a poor option.
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22 October 2024 | 18 replies
Reinvest whatever money you save on taxes via depreciation back into more real estate or property improvements to continue increasing the size and quality of your portfolio.4.
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20 October 2024 | 6 replies
Better to own a smaller percentage of projects that perform well than own greater percentages of projects that perform poorly with added stress.
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17 October 2024 | 8 replies
Here are a few I recommend: "Rich Dad, Poor Dad" by Roberto Kiyosaki; "Set for Life" by Scott Trench; "The Unofficial Guide to Real Estate Investing" by Spencer; "The BiggerPockets Ultimate Beginners Guide" found here on BP; "The Book on Rental Property Investing" by Brandon Tuner.
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22 October 2024 | 10 replies
.- You might also look into staging the property or taking high-quality photos to make it more appealing online.- Another option is to list it on multiple platforms, including local real estate groups and social media.
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21 October 2024 | 24 replies
Were they properly and thoroughly screened as high quality tenants?