
10 January 2025 | 23 replies
For the BRRRR process I plan on using a hard money lender for the rehab process for the SFH's but what I'm not sure of is, should I purchase a duplex and rent one unit out and live in the other or should I just rent for now, not purchase a duplex and just purchase a SFH with cash and start BRRRR'n immediately?

15 January 2025 | 14 replies
The real estate investing industry uses "Classes" to rank property performance risk, but there's NO agreed upon industry model:(Here's what we use for our Metro Detroit market:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

15 January 2025 | 14 replies
You should be able to do a pretty decent update with $50k (purchase price not included).

14 January 2025 | 5 replies
In the Bigger Pockets free book, "Real Estate Rewind", as one of the 11 co-authors I wrote about one such Tax Sale purchase and made money but not enough money to warrant the risk involved.

18 January 2025 | 15 replies
Compared to other services that might offer lower-quality leads or require higher upfront costs/paywalls, Prime Tracers also give you free lead credits on sign up so you can actually see the results before you commit to a purchase.

16 January 2025 | 15 replies
Gross rent multiplier (GRM) A method that divides the purchase price by the gross annual rents when the property is 100% occupied.

12 January 2025 | 25 replies
St Cloud MN Duplex, list/purchase price $259,900market rents $1,610 per unit BUT yes, if one really wanted to sec8 income standards are $1,957 per unit so one could go that direction if wanted be.

13 January 2025 | 8 replies
The last time I represented a mobile home park purchaser, county health department allowed four MHs per septic tank.

13 January 2025 | 0 replies
We purchased 133.7 acres January 20th of 2024, we then proceeded to subdivide 4 building lots, ( two 10 acre lots, and two 2 acre lots) which included costs associated with septic testing, survey & subdivision, and property maintenence required to market the building lots.

16 January 2025 | 7 replies
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