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16 February 2025 | 1 reply
Real estate isn’t about doing everything—it’s about building systems and trusting others to help you grow."
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18 February 2025 | 11 replies
It's determined by the nature of your arrangement, mostly by how much you control the employee's work.
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10 February 2025 | 5 replies
A great place to start is https://www.biggerpockets.com/meet which you can use to find like-minded people in your area and every other market across the nation that you may consider.You'll find some helpful tips at https://www.biggerpockets.com/starthere.For tips on how to get the most out of BiggerPockets, check out: https://www.biggerpockets.com/rei/biggerpockets-com-tutorial/The BiggerPockets Keyword Alert System is an awesome tool: https://www.biggerpockets.com/renewsblog/2012/12/1...See you on future threads!
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21 February 2025 | 7 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.
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12 February 2025 | 27 replies
@Henry Clark When counting units and sizes in step 1, should climate controlled units be excluded if someone was to only target the non climate controlled drive up market?
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1 February 2025 | 17 replies
If there's a lot more headache- then I encourage you to implement or improve a Complete Household System, try to get SFR's with 6-11 bedrooms, no more than 3 rooms per 3/4-Full bathroom, and make sure there's one (not more than one) beautiful living room with a big screen TV.
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6 February 2025 | 7 replies
✅ Yes, IF:You have a system in place for cleaning and chemical balancing.You have a reliable team that can check thisYou market it properly (highlight it in photos and listing descriptions).🚫 Not Worth It IF:You don’t have a dedicated team or someone to balance for every turn.Your climate or guest demographic wouldn’t use it often enough to justify the cost.Make sure to have waivers, I ran into issues with people saying they got bacteria from it etc.
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10 February 2025 | 9 replies
This is a significant potential benefit that can impact everything from security deposits to rent controls to eviction procedures.
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21 February 2025 | 5 replies
He has good systems in place
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6 February 2025 | 5 replies
Building a portfolio allows you to gain experience, develop systems, develop your own approach to managing properties etc.