
10 February 2025 | 1 reply
Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

21 February 2025 | 3 replies
My total resulting expenses for that home including rent profit and bills are roughly $1200/month.

17 February 2025 | 3 replies
Also, at this time I had seen properties selling for 10 – 20% over ask regularly.Interest Rate 30 year conventional 7%Homeowners Insurance = $1,000 annuallyRents = $1,800 per monthWhen I looked at those assumptions, I would need to put down $80,000 on this house to get it to hit my cashflow goal of $500 minimum per month which equates to 35% down.Total mortgage + escrow = $1,267.13 per month with rents at $1,800 my monthly cashflow is $532.87.From my experience, after taking out vacancy and maintenance costs you are left with around 73% of that total cashflow number once the rental is established.People have asked why a $500 per month cashflow goal.

12 February 2025 | 7 replies
Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

12 February 2025 | 27 replies
If we can't do business in Texas then someone forgot to tell us.

11 February 2025 | 4 replies
I can totally understand they were overworked and understaffed, and as a result, mistakes were made.

14 February 2025 | 19 replies
My realtor is asking for $3000 flat fee + additional listing broker compensation of $400.What would you pay total for buyer/seller?

21 February 2025 | 7 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: 4-12%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.

5 February 2025 | 4 replies
So 3 accounts total, all under 1 LLC at the same bank.

20 February 2025 | 13 replies
Then you are totally screwed.