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18 December 2024 | 4 replies
We see a lot of success in the suburbs: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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17 December 2024 | 2 replies
I've been successful at renting out detached garages on a few of my properties.
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28 December 2024 | 8 replies
Especially when there was far wealthier people than me spectating my journey, and probably highly successful and well to do people here reading this.
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13 December 2024 | 9 replies
Quote from @Trevor Finn: Hey @Michael Wentzel,Congratulations on an impressive real estate career thus far!
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18 December 2024 | 1 reply
Nice - congrats - hard to find Multifamily DSCR Loans at that size but looks like you successfully executed!
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17 December 2024 | 4 replies
How to find a mentorNot every successful person will make a good mentor.
19 December 2024 | 5 replies
Wish you much success in your ventures and Happy Holidays!
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18 December 2024 | 1 reply
I'm eager to understand the ins and outs of finding deals, negotiating with sellers, and building a network of cash buyers.I’m here to learn, ask questions, and share my journey as I work toward my first successful wholesale deal.
18 December 2024 | 2 replies
The successful brokers in this space often have analysists who are researching the market for listings, prospective clients etc.
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19 December 2024 | 2 replies
I got to my current financial success through a series of well thought out endeavors but with a massive sink or swim element as I am often self guided..."