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2 January 2025 | 13 replies
@Rae Chris Ann Arbor is pretty expensive, so difficult to find cashflowing rentals.You may want to look in Ypsilanti - if you want to stay in your area.Otherwise, Metro Detroit offers a LOT of options.Read our copy & paste below for some helpful info:---------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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3 January 2025 | 12 replies
Additionally, there’s always a risk that any pet-related damages could be hidden under furniture or otherwise concealed, potentially leaving us to cover the costs if the security deposit is fully depleted by other expenses (e.g., damages or unpaid rent).
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12 January 2025 | 185 replies
Well, if you call finding out this info a "law degree" than I'd have to say via google....
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5 January 2025 | 8 replies
Additionally I would add a benefit for you is that you're in great area to be able to invest locally and can invest in your own back yard as they say.
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16 January 2025 | 78 replies
DM me if you would like more info :)
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3 January 2025 | 5 replies
On the positive side, it seems like you have a good potential BRRRR that you can use to purchase additional properties.
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3 January 2025 | 42 replies
Ive asked about getting essentially T-12 type info on the assets, but that hasnt been provided thus far.
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2 January 2025 | 3 replies
Talking with one of their reps today, but wanted to also crowd source some info here : ) Thanks!
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26 December 2024 | 5 replies
These are professionals with additional training and a stricter code of ethics.
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31 December 2024 | 97 replies
The property title is clear but the lender wants additional property adjoining to cover the roof overhang rather than just an easement or encroachment.