
15 June 2024 | 11 replies
My budget is probably no more than 375K, but am open to 1Br's as well.
15 June 2024 | 4 replies
Get rid of debt, build a budget, and save.

15 June 2024 | 6 replies
Just know your numbers.YOU need to know reno budgets, and how to determine the ARV.

15 June 2024 | 15 replies
Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: 1%-1.4% rule dealsROI: 10-14%Cash flow: $150-$300/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.

15 June 2024 | 8 replies
Hey Chad, I think it would be worth it if you have a good safety budget.

15 June 2024 | 16 replies
On the other hand, if you have a lower budget, let’s say $100-$150k.

15 June 2024 | 6 replies
Budget in some cushion for going to visit the property and worst case scenarios.

16 June 2024 | 27 replies
However, be mindful of the repayment terms and interest rates.Risk Management: Ensure you have a solid plan for managing the debt and contingencies for market fluctuations.Practical Steps and StrategiesMarket Research: Continue leveraging your knowledge of the Asheville market to find undervalued properties with high rental potential.Financial Planning: Work with a financial advisor to create a detailed budget for your investment strategy, including purchase, rehab, and holding costs.Networking: Engage with local real estate investment groups and continue learning from successful investors through platforms like Bigger Pockets.Boot Camps and Education: Your proactive approach to education through boot camps and BP PRO is excellent.

15 June 2024 | 32 replies
It's tough for me to answer on a learning curve question I went to high school for architecture and college for construction management and I've never personally flipped a house, although I know how to budget and schedule it.

16 June 2024 | 23 replies
Spend on marketing : highway billboard(units are only 0.1 miles from the major highway), lake billboard(units are 1 mile of the lake), Facebook ads.. total budget 20k.I have owned single family/multi fmly rentals before and this is my first big investment into storage units, please help me out industry veterans and let me know what else can I do to get to profitabilty soon.