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21 May 2024 | 41 replies
The one thing I will do to my units to make them more attractive to tenants is I will spend a little bit extra to put in slightly (but not extravagantly) nicer finishes ... things like brushed nickle hardware instead of brass or chrome, laminate floors instead of carpets, etc. and keep my units in good condition ... therefore, even if I charge market rent it is a good deal since my units have slightly nicer finishes ... if I take pride in my units and they are in good locations, then I find it will attract quality tenants who will also take care of my units, and no they do not leave when I raise rents up to the max the market will bear.
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23 May 2024 | 35 replies
Sure, about one in 2000 times, by someone experienced enough to recognize a very unusual situation, having the capacity to act on it, having the financial strength, experience and tract record to be able to attract the needed capital, having the knowledge and ability to structure the deal, having the ability to manage and or reposition the property after purchase, and having the capacity to carry the negative cash flow until turning the property around or obtaining lower cost financing.
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20 May 2024 | 13 replies
Apartment complexes normally are a safer bet for repairs, big SFH attract big groups of kids which will also increase parties of course
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21 May 2024 | 138 replies
The advantages of the 401k for the real estate investor and lower fees are very attractive.
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17 May 2024 | 6 replies
Just in!After decades of being a national joke, Detroit has turned the corner and is outpacing the rest of the Midwest!It's even doing better than Columbus, OH, which is starting to fade.Detroit's focus on removing bl...
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18 May 2024 | 14 replies
You’re correct there are newer multi family buildings that have caused the other ones to be less attractive.
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18 May 2024 | 4 replies
Hello all,I am currently house hacking a 4 plex and have been attracted to the medium term rental model.
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17 May 2024 | 12 replies
Many OOS investors set themselves up for failure because they don't invest the time to ACTUALLY understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.Class A is relatively easy to manage, can even be DIY remote managed from another state.
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18 May 2024 | 13 replies
In the future, when you go to rent the property, that will also be attractive to people like you, which is who you want you want to rent to (in my opinion).
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18 May 2024 | 14 replies
Another thought would be to get a property under contract at a very attractive price and that could be some equity you bring to a partnership.