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19 September 2024 | 6 replies
If you anticipate a possible fight, it's best to do things properly from the start.Certified mail in itself is not a panacea, in fact IIRC most of the relevant statutes say first class (i.e., "regular") mail - but it has to be sent under certain timelines.
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19 September 2024 | 3 replies
They're the intermediaries for a reason... they don't record the deed until the funds and all of the documents are properly filled out.
16 September 2024 | 6 replies
There is a lot of new services out there that easy the process of installation but it is expensive.
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21 September 2024 | 69 replies
It takes market knowledge, construction knowledge, proper analysis, financial relationships, rent projections, property management knowledge, and a whole list of other things that are only gained through experience.
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22 September 2024 | 13 replies
The likely scenario is that your PM is not very good or lazy and held it because they don't know how to market properly.
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18 September 2024 | 2 replies
I understand that you have to apply for state permits for septics, but wondering how many you can install/build on a single property.
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27 September 2024 | 66 replies
For me, it's pretty simple - I'll buy a house if it meets my guidelines, the key one is simple: can I make at least $400 mo. net with a proper margin of safety?
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23 September 2024 | 29 replies
I personally own 12-doors in Detroit proper and I'm happy to send folks resources about the market there and/or chat about my experience.
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20 September 2024 | 24 replies
:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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20 September 2024 | 15 replies
i say this not to discourage you from investing, but to help set your expectations properly.