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21 July 2024 | 15 replies
Instead, rely on comps that sold nearby for value and look at more trustworhy rental data softwares like rentometer.
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20 July 2024 | 13 replies
I simply called you out on your errors, that I believe will mislead people that will cause them to spend money on the systems YOU are advertising and spamming these forums with that will highly likely not work.Here is my suggestion:If you want to make a point, if you want to convince anyone of anything, I would suggest showing data.
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22 July 2024 | 38 replies
The horror stories are people buying too cheap and buying bad houses.Lots of great opportunities in Metro Detroit.LogicalPM can manage.We just heavily recommend not buying the cheapest property or getting tricked by a wholesaler on a $15k “great opportunity”.Just buy the good stuff.Metro Detroit (my rental portfolio is here)Purchase: $80k-$130kRent: $1200-$1500ROI: 10-14%Cash flow: $250-$350/doorAppreciation: Double digit (for past 10 years, will gladly send data)Location: C+, B- (suburbs and certain markets)We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, mortgage, Amazon fulfillment, and more jobs.The bad reputation comes from OOS investors wanting $20k D market properties.
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22 July 2024 | 17 replies
Yep as said above, DSCR is typically the way to still achieve 30 year amortization, fixed rate at 75-85 LTV.
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20 July 2024 | 8 replies
This helps ensure the rental price suggestions are incredibly accurate by avoiding less similar locations.For property condition assessments, PadStats utilizes AI and computer vision to score properties based on Fannie Mae condition guidelines, which has been a game-changer for precision in rental valuations.They are also expanding to include automated property valuations and crime data heatmaps, making it an even more comprehensive tool for real estate professionals.As for non-AI tools, I still find Asana and Stessa indispensable for workflow management and portfolio tracking.
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19 July 2024 | 2 replies
I’m looking for advice on how to setup a structured partnership with my in-laws so that both parties achieve their goals.
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21 July 2024 | 7 replies
It's just one data point to consider.3.
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20 July 2024 | 4 replies
It's hard to tell you to go one way or the other as the data is so limited here.
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20 July 2024 | 5 replies
I can share data and analytics in the area.
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20 July 2024 | 21 replies
thanks James, in analyzing regional data, Louisville continues to show a strong local economy, with a decent trend in the growing rental market, lower median home prices and values, good reasons to make it appealing to us since we are looking to expand our portfolios, providing more affordability to enter into this market ... besides, good friends live in this city ... our visit will make it a business expense :)