The original six month tenant I had extended the lease 9 times and stayed a total of 5 years, paying me about $15k over market rent annually.  

Having local family gave me a built-in support system, market familiarity, and the confidence to manage a property from a distance if needed.

Unless you have $5 - 10k MONTHLY to spend on marketing this is what you need to do to have any chance for success with wholesaling.  

Detroit is a market where local have a strong competitive advantage over non-locals so you want to use that to your advantage.

It will hit hard on renewal and shopping for a new carrier.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

Marketing to a bigger market of Buyers What was the outcome?

You’ll pick up so much just by listening to people who’ve been through the highs and lows of the market.

My last deal was my first off market deal and when I contacted the sellers wife about the deposits she said that that was a given as part of a multi family sale and they’d write me a check at the closing as I requested because money was tight and I didn’t want a credit where I’d have to come up with the funds out of pocket later.