
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.

20 December 2024 | 10 replies
These include accidents (I recently had 2 units destroyed by fire), natural disasters (I have had two units each hit by 2 hurricanes), property management turn over (they sell or stop being as good, I have experienced both), or turn over of team (I am turning over at handyman and I suspect plumber), or just wear n tear of property (slab leak in poor location, sewer pipes rotted out (one unit this month), roof, foundation issue, etc.).

18 December 2024 | 9 replies
With all of that said without know more specifics about what price points you're considering and location I'm going to Generalize1.

19 December 2024 | 7 replies
Jetting and cutting usually works best on conjunction with removing the tree/trees causing the problem, which is not always possible depending on location.

17 December 2024 | 11 replies
We do, however, have to register in the State where the property is located.

19 December 2024 | 4 replies
@Stephen G.Overall, it seems like a sound investment given the location and financing.

19 December 2024 | 10 replies
Hello BP,New investors , how are you locating easy hard money lender or Pml ?

20 December 2024 | 9 replies
Welcome to BP - Alabama is a great market for BRRRR, I think you are well located to pursue that strategy - lots of great resources here though!

17 December 2024 | 1 reply
Biggest caveat is you didn't mention the location.

19 December 2024 | 2 replies
Theres a 4 unit "Inn" located in cape Canaveral right now im looking at but I honestly dont know where to start.