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18 December 2024 | 3 replies
Attractive digital marketing fliers, 3d tours, professional tours, rent specials, and competitive pricing all help too!
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29 December 2024 | 24 replies
My "day job" is in digital marketing (corporate, not "influencer"), so that tends to be my sandbox ;-) Thanks John!
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24 December 2024 | 13 replies
Many of these were lost in tax sales, and the ones that they got re-performing underwrote loan mods at low single digit interest rates during ZIRP and could not resell them at a profit once interest rates were hiked.
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16 January 2025 | 78 replies
If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 5-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.
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21 January 2025 | 35 replies
Maybe look for a different type of tenant that doesn't leave every year or sell the place if it isn't meeting your other investment objectives.2) As PM's we always seek prior authorization for expensive turns or capital projects, even though the estimates given to our owner-clients are often ball-park numbers.
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19 January 2025 | 354 replies
You anticipate that the winners provide much more profit than the losers, and you end up with a portfolio that produces a double digit return + a “salary” for your active participation over time.
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19 December 2024 | 4 replies
They are not cheap by any means (expect double digit interest rates) but they are available.
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6 January 2025 | 25 replies
My CPA also has an investment we got in with double digits returns that we rolled our IRAs into but you could probably put cash into if you would want to live off of it before retirement age.I would never recommend someone stay in a job they hated just for the money.
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17 December 2024 | 3 replies
Best tip is to add digital locks to each bedroom door and make sure there is enough kitchen space for all parties.
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29 December 2024 | 15 replies
Computers can analyze property based on subjective data (square footage, # of beds/baths, etc.) but cannot calculate for objective data (quality of kitchen cabinets/counters, size of bedrooms and bathrooms, view out the living room window, etc.).You should study the market yourself.