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2 January 2025 | 13 replies
@Rae Chris Ann Arbor is pretty expensive, so difficult to find cashflowing rentals.You may want to look in Ypsilanti - if you want to stay in your area.Otherwise, Metro Detroit offers a LOT of options.Read our copy & paste below for some helpful info:---------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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3 January 2025 | 2 replies
To make a new property cash flow with current prices, interest rates, taxes, and insurance, you're putting at least 40-50% down.
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5 January 2025 | 2 replies
I jumped into real estate doing the BRRRR method, understanding that holding property will allow me to build generational wealth, but then learning that landlord income is not the best way to feed your family.
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3 January 2025 | 1 reply
I imagine I can get his wages garnished or maybe collect from his tax return.
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21 December 2024 | 14 replies
My job has steady income, but no W2s and no pay stubs.
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25 December 2024 | 60 replies
Don't forget about your property taxes going up to account for that ADU.
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15 January 2025 | 27 replies
I usually run several CMAs, with different criterial, and of course compare tax appraisal value with a wholesale price, add 5% as a fee to a transaction, in some cases.
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1 January 2025 | 14 replies
This can indeed provide a steady income stream and considerable financial stability over time.
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9 January 2025 | 10 replies
I'm not a fan of flipping simply because I hate paying taxes when I don't have to.
4 January 2025 | 7 replies
I found this one https://www.titlesearchcourse.com/faq/ its 69$ and the person who created it also has a youtube and specializes in tax foreclosure properties which is what i do.