Mark A. McElhannon
Basic approach to secure financing on an investment property
8 January 2025 | 7 replies
I can quote from over 100 lenders instantly, but usually only work with fewer than 30 in a given year.
Kristian Kotov
New Asset Class - The Roomshare Condo
14 January 2025 | 3 replies
When Trying to qualify for a traditional loan, lenders usually price your purchasing power at 3x your net income.
Max Dauer
How Much Time Do You Spend Managing Your STR
9 December 2024 | 7 replies
Sending a personalized greeting to guests when they book, answering their questions, programming lock codes, logging new bookings in my records and notifying my cleaners of them and any requests for early check in, paying cleaners monthly, ordering supplies, updating my listing descriptions about once a week even if it's just a sentence here or there (helps with rankings on the platforms, esp.
Jules Aton
Back in the day...
13 January 2025 | 16 replies
My first rental I asked the guy at the closing table how much he usually got for rent and he told me he could pretty reliably get 300-400.
Polat Caglayan
focus on in detroit
9 January 2025 | 5 replies
Most out-of-state investors looking at Detroit are typically focused on cash flow, which means they're usually targeting C or C+ neighborhoods.
Dwight Henning
Management company recommendations
13 January 2025 | 3 replies
So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?
Skyler Shively
DSCR lenders, HML with low or no minimum loan amounts?
10 January 2025 | 15 replies
Usually because they're in a rural area and there is lower upside for the lender when they package and sell the loans.
Delroy Watson
Unfinished Basement conversion
13 January 2025 | 6 replies
Your main issues will be eggress, as usual in a basement.
Helena Goyvaerts
Belgian Investors Starting in Detroit Real Estate – Looking to Connect
2 January 2025 | 8 replies
You MUST understand this as the suburbs are usually much nicer than the city.All of these challenges are why we have a map of Metro Detroit on our website with the cities in Macomb, Oakland and Wayne Counties listed, as well as 183 Neighborhoods in Detroit.The majority of the 48235 zip code is Class C, the question is, do you understand what that means?
Doug Kirk
Liens on a property and determining position
3 January 2025 | 8 replies
With a private auction of an already foreclosed property, you will usually be allowed as part of the closing to have a title search done and to buy title insurance.