Get better pictures, stage the space and make sure it looks and smells great.

The combination of high price and a doubling of the interest rate results in high cost for financed RE. - Rents have not and cannot keep up with the cost increase of financed properties. 

The city is going through massive revitalization, prices have doubled in the last 5 years but are still quite cheap, and Detroit experienced its first uptick in population in almost 70 years.I was just in SF last weekend and met a couple of clients.

I had inspector dictate double ground at a new electrical panel.  

Hope this gives you a whole picture to your questions.

Hello community,I am working towards doing my first wholesale deal and I am wanting to do it as a double closing (transactional funding ).

As long as you mom can qualify on her own (with her credit score), I don't think adding you to the loan application would hurt even though your score is not good (but I would still double check that).

Summary of Key Impacts: Factor Impact of Rent Control Investor Strategy Rental Income Growth Limits rent increases, reducing cash flow Focus on long-term stability or diversify into non-controlled areas Property Valuation May lower property values and Cap Rates Target appreciation potential or mixed-income properties Tenant Turnover Lowers turnover, reducing vacancy rates Maximize tenant retention and provide value-add services Maintenance Costs Reduces available cash for maintenance Improve cost efficiency and pass-through allowable expenses Legal & Compliance Increases regulatory and legal complexities Hire legal advisors and stay updated on local regulations Supply & Demand May increase demand for existing rental units Target high-demand, low-supply areas for long-term appreciation Financing Stricter lending criteria due to limited income growth Use alternative financing and present strong financials Conclusion:Rent control can be a double-edged sword for real estate investors.

You’ll definitely want to dig into the zoning and permit requirements for your area to get a clear picture of what's allowed and what the associated costs might be.Also, don’t forget to factor in things like parking and whether you’d need to add a kitchenette to make it a viable short-term rental (STR).

In November 2023, Fannie Mae introduced a new policy allowing owner-occupant loans on 2-4 family homes with just 5% down, a significant change from the previous requirement of a minimum 15% down payment. One might thi...