Richard Goore
First multi-family Purchase
30 December 2024 | 1 reply
While I appreciate that & don't want to push them out, they are well below market rate & the unit is a disgusting mess, approaching hoarder status.
Ryan S.
Advice on Specific Performance for Breach of Real Estate Contract
15 January 2025 | 37 replies
The contract states the below: 20.2.1.
Mattin Hosh
Assist in Turnkey
9 January 2025 | 10 replies
@Mattin Hosh first, most cities in Metro Detroit have some type of rental property inspection every 2-3 years.It's not really a big deal 99% of the time - especially for owners who are NOT slumlords:)Also, a quick Google search will show that several states/cities are passing/considering similar legislation.One of the biggest mistakes we see newer investors making is NOT properly understanding Neighborhood/Property/Tenant Classes and naively assuming that any rental they buy will deliver Class A results.Read our copy & paste thoughts below and DM us if you'd like to dicuss more about the 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?
Lilia Matlov
Risks and Opportunities Coexist
11 January 2025 | 4 replies
Focus on fundamentals: buy below market value, have strong cash flow (or a clear path to creating it), and maintain sufficient reserves to weather any unexpected challenges.If you’re strategic and stay patient, this market could create opportunities that lay the groundwork for long-term success.
Marcus Auerbach
What does the new EPA initiative mean for landlords with lead water pipes?
15 December 2024 | 10 replies
Quote from @Gregory Chadwell: I wonder if having a lead filter installed on the property might help the situation too?
Zhong Zhang
a multifamily investment case analysis
16 January 2025 | 5 replies
Hi @Zhong ZhangI ran some numbers for you and attached the picture below.
Reid Ervin
Partnering with an Investor to Purchase Off-Market Portfolio via Seller Financing
7 January 2025 | 2 replies
The properties are well located in Denver with value add potential and all rents are currently well below market.
Najeh Davenport
Need Advice on Appraisal Issues and Refinancing Options
15 January 2025 | 12 replies
There is a gamble there that the second appraisal comes in at or below the first.
Kenneth Jenkins
Maintenance Expectations in Metro Detroit
3 January 2025 | 6 replies
If you get a quote significantly below the numbers above you need to ensure that the contractor will actually execute the work and perform it to the required standard.
Darron Pierson
Jerryll Noorden's system
28 December 2024 | 26 replies
Hi Caleb,See below for the cost of Jerryl Noordan's SEO programs.