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7 July 2024 | 89 replies
I am not only convinced, but I KNOW the outcome is astronomically greater if you can operate well.I have operated in both A, B, C, and D areas.
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7 July 2024 | 27 replies
you can buy as many homes on VA as you want, as long as you a) Owner Occupy and b) have eligibility remaining.
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8 July 2024 | 42 replies
If you were actually at my event, you'd know that 1) I buy at wholesale prices, 2) I buy for cash flow, not for speculative appreciation, 3) we 'create' appreciation by making value-add improvements to properties, and never speculate, 4) I stabilize properties & refi out my investors in 12-18 months, allowing more predictability in interest rates & loan terms than speculating 5-7 years out like most syndicators do, 5) if the market shifts, I'm at a low enough cost basis that I have many options on what to do with the property (hold, refi, sell, etc), 6) once investors are cashed out in 12-18 months, I'm the only one with ongoing responsibility & liability (even though it's a non-recourse loan there is still some liability I take on), 7) I project for increased interest rates (which actually just dropped .25% last week, btw), lower LTVs, and lower valuations than what the market is showing right now, keeping us at very safe levels, and 8) I only buy workforce A & B class apartments (not luxury, not C/D class) which is the most insulated asset class in real estate.I have NEVER publicly pitched a deal, or even pitched a deal in my events.
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4 July 2024 | 0 replies
Two linkshttps://1drv.ms/b/c/d759d787996d61ea/ERFfEv-WmNVLqnDxZpsL9LwB3N5NYII7qC9SGnzVGxCXQQ?
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4 July 2024 | 0 replies
Two linkshttps://1drv.ms/b/c/d759d787996d61ea/ERFfEv-WmNVLqnDxZpsL9LwB3N5NYII7qC9SGnzVGxCXQQ?
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5 July 2024 | 0 replies
*Expanded my strategy to include "B/C" markets.
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6 July 2024 | 22 replies
Even in B class properties your rent should be on time 100%.
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5 July 2024 | 73 replies
Quote from @Travis B.: Hey Michael, looks like you've got a few uninformed responses here so I'll provide you one from someone that actually invests in Detroit.I live in California now and have 12-doors in Detroit.
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6 July 2024 | 21 replies
Quote from @Bill B.: 1) ask your realtor if the seller was required to disclose a previous fire and they “forgot”.
2 July 2024 | 1 reply
A lot of the popularity of Portugal and its real estate (prices) had to do with the golden visa, that's been abolished.3.