
1 December 2024 | 2 replies
At the time my only issue was their loans appear to be backed by wall st.. so the closing docs were enough to kill not one but two trees and took way more time to sign the whole package then I like to spend signing closing docs :) But thier fee's and rates are hard to beat.

4 December 2024 | 18 replies
You can spend as little as $100 to form an LLC, or you could use an attorney and spend $1,000 or more.

1 December 2024 | 25 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: 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.

5 December 2024 | 19 replies
Spend a day at a Habitat for Humanity building a house.7.

3 December 2024 | 3 replies
Also make sure you understand everything about adding an ADU including value of the ADYPU, financing, impact from rent control, duration between initial expense and initial income, true cash flow (know the 50% rule, at 50% rent ratio initial property tax will be near 20% of income)- educate.

2 December 2024 | 5 replies
I knew that most charities spend the biggest part of the donations on overhead and marketing and salaries of the top admin person/personal.

27 November 2024 | 10 replies
You can make more money if you have full control, but your time needs to be considered.

30 November 2024 | 4 replies
If you’re still concerned, you could consider installing programmable thermostats or low-flow fixtures to help control costs without relying entirely on tenant behavior.

29 November 2024 | 9 replies
Though fee schedules vary by company, generally speaking, you'll pay more up front for checkbook control and less over time, since the full custodial companies will have transaction fees not to mention the red tape of going through the custodian for all transactions.

27 November 2024 | 8 replies
It's too volatile, and you can't really control it.