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2 February 2025 | 15 replies
He scheduled maintenance and did quality control on cleans.
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20 February 2025 | 11 replies
•I’d also ask: Does this area have ongoing flood control improvements?
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11 February 2025 | 167 replies
Is there a way to stick the BC in some kind of escrow that is controlled by the lending institution so they can continue to cash in on appreciation and then they can cash it in at a later date rather than you doing it today?
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21 January 2025 | 10 replies
This works well if it's an MTR or STR type situation and you are in control of the lock.
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24 January 2025 | 21 replies
After that's under control, focus on increasing income through additional work at your current job, taking on a side hustle, or finding ways to increase income on your existing rental.At the same time, educate yourself.
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4 February 2025 | 10 replies
If your debt to income ratio is good, you can control a $700-800k asset with $50k.
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6 February 2025 | 42 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: 5-12%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.
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23 January 2025 | 14 replies
It sound like you have your area under control.
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11 February 2025 | 16 replies
Many times they do not realize the adding of the adu makes their existing unit rent controlled.
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24 January 2025 | 2 replies
You’ll develop resilience, leadership, negotiation skills, vision, emotional control, and more.