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7 February 2025 | 4 replies
Investing in a low-crime area.I'm not being facetious.
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10 February 2025 | 7 replies
Your primary has an incredibly low interest rate, and your rental (I hope) is getting positive CF, which means your tenant is paying it off for you.
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9 February 2025 | 4 replies
It’s a lower risk strategy since you’ll be living in one of the units, and you’ll qualify for low down payment loans.
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1 February 2025 | 7 replies
I wonder why they don't make roofline sprinklers or some other product like that.
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3 February 2025 | 56 replies
And, just maybe you’ve purchased at a point where Detroit has hit its low, bottomed out, and is set to reverse trend and grow.
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13 January 2025 | 21 replies
Hey @Dalton Foote - I highly suggest using a renovation loan and house hacking a multi-family if that is possible with your current life circumstances.The 203k and homestyle renovation loans are just amazing products and drastically help you reduce your risk, in my opinion, because you are able to leverage the cost of the entire renovation with such a low down payment loan.We work with a lot of clients who use these products in Chicago, and no matter what, in the long term, they gain great equity.If you aren't able to house hack - the process is essentially the same, but just with more money down with hard money or conventional construction loan.
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10 February 2025 | 7 replies
The short version is that you want a strong and diverse job market, low unemployment rates, a growing population, low vacancy rates and new development, affordability/cost of living, real estate laws and court system, good schools, and low crime.Check out the videos from Dave Meyers with BiggerPockets.
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27 January 2025 | 18 replies
In the one house that I still have some existing, it's only on an overhead light circuit with no insulation around it, and I minimize the load on the circuit by using only low voltage LED lights.
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6 February 2025 | 3 replies
Low maintenance building, top-end rents for the area due to the extensive work that was done and the location.
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10 February 2025 | 1 reply
•If jobless claims are low (below 210,000): The labor market remains strong, keeping the Fed in no rush to cut rates.