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23 February 2025 | 24 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.
15 January 2025 | 5 replies
Did you get any updates on rent control?
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9 February 2025 | 36 replies
That bet didn't pay...At the end of the day, deportations and tariffs are things us RE investors can't control, so instead, focus on things you can control.
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21 January 2025 | 3 replies
In the event of an acquisition your "Checkbook Control" set up would not change.
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23 January 2025 | 6 replies
Just thank your deity that you don’t live in a rent controlled city/state.
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1 February 2025 | 23 replies
You can tell the tenant that they can ignore the notice as long as they follow through on paying.As the landlord you want to maintain control of the situation - not allow the tenant to do so.
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4 February 2025 | 24 replies
Once again, Chris and the team communicated frequently about preparations and damage control.
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27 January 2025 | 6 replies
But because you rent by the room and YOU SELECTED the roommates (for which the other roommates had no control over), that makes you directly responsible to the other tenants should any harm or damage come to them.
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4 February 2025 | 17 replies
Let go of what you cannot control, and become a lot more emotionally stable to start investing.
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18 January 2025 | 18 replies
Worrying everyday about getting fired for something out of your control?