Caleb Johnson
Comping Homes in Detroit
18 December 2024 | 4 replies
We see a lot of success in the suburbs: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.
Jennifer Gill
Do Not Call List - sick of calls!
24 January 2025 | 9 replies
I have two phones, one for business and one for personal.
Rene Hosman
How do you keep yourself accountable to your goals?
13 January 2025 | 5 replies
For another business I run I do post daily accountability in a FB/mentorship group and that does help me stay on track.
Eli Edwards
Course feedback or insight from Vetted Homes
19 January 2025 | 7 replies
Most of these course instructors aren't qualified to teach anything but the most elementary real estate concepts and try to make their courses more marketable by teaching concepts they have no business teaching.
Anita Z.
Real Estate Investor Tax write-offs
10 January 2025 | 16 replies
Also, you don’t need a business license just to look at properties, but if you buy a bigger property, like a multi-family unit, you might need a certificate of occupancy, depending on the local rules.For business trips, most expenses can be deductible, but if it’s part personal and part business, you can only deduct the business portion.
Caitlyn Drapeau
Best skip tracing services?
18 January 2025 | 15 replies
Its not as easy but once you are up in running you are building a brand, equity in your business, and also constant flow of leads.
Michael Plaks
DEBUNKED: EOY tax planning "tips and loopholes"
23 December 2024 | 12 replies
In our 'day job' business of remodeling we have stayed just a partnership with an LLC.
Jorge Borges
Has anyone worked with Tardus Wealth Strategies?
15 January 2025 | 144 replies
I think you can model a decent double digit return but how do you transition to actually pulling money out?
Anthony French
Any ideas or information finding funding for a development
24 January 2025 | 5 replies
Securing funding has been challenging, particularly because my business documents reflect low revenue from only one duplex, and I am currently between jobs.I have identified a reasonably priced piece of land and have saved a small portion of the funds from my duplex sale to invest in this venture.
Jimmy Jeter
New construction, 75% done. About to run out of money
16 January 2025 | 10 replies
My significant other and I decided to use a builder she had done business with in the past.