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7 October 2024 | 7 replies
First I want to thank you for reading, I am new to the investment market and the idea is exciting and terrifying at the same time.A few facts:Purchase Price: 325,000Rental Income Estimate: $5250Property details: This is a 3 door property:1. 1/1(main building)2. 3/2(main building)3. 2/1(separate building)Repair estimates to get all 3 properties up and running: $145,000 - $200,000I do not have a ARV since its very unique there is not anything we can compare to but I am looking to get a third party appraisal.Plan is to do a mortgage for the property with cash down payment.
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6 October 2024 | 8 replies
Is there a program or software that allows you to easily observe all the properties in your portfolio, as well as their details?
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9 October 2024 | 23 replies
Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!
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9 October 2024 | 13 replies
If you're re-starting your real estate journey and want to jump back in with detailed content that can help you hone in on what kind of investments you may want to make I have two personal suggestions - I just started the book "Start With Strategy" by Dave Meyer this weekend, and I already wish I had read this right away when I was getting into the idea of real estate.
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6 October 2024 | 1 reply
Hoping actionable advice can be provided without such details.
11 October 2024 | 27 replies
Need more details.
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7 October 2024 | 4 replies
Check whether there’s an overabundance of similar rentals or if newer, more modern buildings are attracting tenants away from older stock.You're on the right track by doing detailed research, but don’t let longer days on market automatically steer you away from a zipcode.
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20 October 2024 | 147 replies
You ask very long and detailed questions asking for proof of concept for the area and multiple agents answer you in one line or two lines, no specifics.
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8 October 2024 | 0 replies
However, real estate deals with enormous amounts of sensitive personal and financial information—from potential buyers’ financial details to tenant records.
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7 October 2024 | 4 replies
This strategy aligns well with the goal of building a more robust portfolio over time.Feel free to share more details if you have specific properties in mind, and good luck with your investment decisions!