That's an average of 17% annually over that time.The City of Detroit has not only outperformed every city in the Metro Detroit area, its outperformed every city in the USA from 2014-2024:Let that sink in for a minute ... you'll probably need more time than that to process this!

For calculating IRR, use the total cost of acquisition—this would be the mortgage balance plus the 50% buyout equity and any closing costs.Regarding refinancing, assuming the loan under the Garn-St.

That would make this much more complicated, since you'd likely need lender approval.In any event, you'll want to check your mortgage (if you have one) and the lease to see if you can transfer or assign.

No perfect answer on this one as it will require some sort of sacrifice, just depends on what sacrifice you want to make.

Have you every experienced anything like this?  

A couple of ideas would be using this platform on the events page, and also use meetup.com to find a meetup too!  

I own a 4plex there and I have one unit that has been vacant for about 4 months now and this seems on the high side of vacancy time.

For context, this would be for a property I already own.I understand this may be a bit unconventional and people will likely recommend I get a proper quote and have the contractor do a full walkthrough.

After I posted this.

I am looking to get into this and would love to connect with others in the space!