
21 February 2025 | 8 replies
If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 4-12%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.

21 February 2025 | 182 replies
I am guessing his hands are tied as Norada is simply the marketing company and I am guessing no operational control of Wagner.

16 February 2025 | 44 replies
.#2 if the owner doesn't want to buy it back, I can begin collecting rent since I control the deed in my name at that point.

1 February 2025 | 3 replies
I called animal control and the city myself and facilitated the process getting a bear proof dumpster.

11 February 2025 | 7 replies
This is especially true of the statewide rent control (1482).

25 January 2025 | 18 replies
.- We can better control what's on our master key system- EVERY lock at a property is opened with one key (well, maybe not the garage car-door)!

4 February 2025 | 31 replies
build to rent is great. they are an intermediary that help investors contract direct with turn key new build. they are pretty sophisticated we have sold a house so far and we are looking to sell other multifamily with them. there is a vetting process and as an intermediary they don't control construction they help vet builders and establish relationships. they have a big team. the other builder I've never heard of but unless you can see your house I wouldn't touch it. rent to retirement has a strict policy of 90 days until certificate of occupancy until they will send a deal out they are good at what they do and I'd recommend them. they have options all over the country and established relationships.

25 January 2025 | 4 replies
A) it controls my cost.

3 January 2025 | 3 replies
@Patricia Steiner As it is a condo I would think you could try to get the Association to do external pest control.

28 January 2025 | 4 replies
Since you can't control the sale price, you basically have a $4k cushion to your reno costs, or otherwise you lose money compared to the as-is scenario.