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?
John Keane
Where to find gap funds?
22 January 2025 | 14 replies
This directly impacts returns for everyone.
Chris Shon
Do I need a Real Estate Tax Accountant?
28 January 2025 | 20 replies
Real estate transactions, especially flips, come with specific tax implications such as the potential for dealer classification, short-term capital gains, and cost allocation for renovations, which can significantly impact your tax liability.
Thomas Farrell
BRRRR with ~400k Capital
18 January 2025 | 16 replies
@Thomas FarrellRecommend 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?
Dayana Castellon
AI Innovation and useful
29 December 2024 | 7 replies
The biggest impact AI has in our business I believe is follow up re-engagement and appointment setting.
Laura S.
Advice for 1st time landlord evaluating applicant
6 January 2025 | 5 replies
A recent divorce could impact someone's credit score, but it shouldn't drive it from 700 to 545.
Devin James
To those who consider themselves very wealthy, is wealth worth what is takes?
22 January 2025 | 56 replies
The only way to make it happen is to sell some property.It will impact my cash flow.
Jarrod Ochsenbein
My 4th rental property is now under contract
17 January 2025 | 12 replies
It is flat out not worth the headache, impact to other members and having to find new members anyway to fill all the spots that left because you wanted to fill a single room.
Jasmine Thermitus
Primary to Rental Property
15 January 2025 | 15 replies
These changes can significantly shape how properties are managed and have a real impact on your experience and ROI.
Ankit Lodha
Cash-our Refinance - DSCR
8 January 2025 | 13 replies
The shorter the prepayment term has an impact on increasing the rate.4.