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

In order to create enough equity to refinance out all of the investment OR MORE targeting properties that need substantial rehabs is where BRRRRs bread is buttered.

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

I’d also look at local amenities, school districts (if targeting families), and proximity to major employers or transportation hubs.

If you're local, you can start by really learning the market by driving the neighborhoods, studying recent sales, and getting to know what areas investors are targeting.

Make sure you choose a realtor who is used to travelling into your target community and not just engaging properties from behind a phone/computer screen.

Long story short, you can, but since you are only targeting investors, your sale price will likely be lower than comps.Talk to a local agent about your local tenant laws and have them review their lease

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

You sell when it fits with your original business plan (targeted NOI is reached, timeline is reached, etc.). 3.

Of course it all depends on pricing and what your target demo is.