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1 December 2024 | 25 replies
All complimented with Amazon fulfillment centers, google, and more tech manufacturing jobs.The bad reputation of “Detroit” comes from OOS investors wanting sub $40,000, D class properties in poor condition, because they pencil out to 2-3% deals on paper.
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30 November 2024 | 0 replies
However, it's essential to determine whether they are reputable brokers.
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6 December 2024 | 21 replies
@Dave Harlan They have an amazing product but your better off using a mortgage broker with a great reputation for customer service because they offer wholesale pricing advantages to their brokers and the only complaints I've ever heard about them have come from service issues on the retail side.
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30 November 2024 | 3 replies
We need to establish a contract (or shop around for reputable companies that are willing to do this).
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5 December 2024 | 17 replies
There are exceptions - some properties are set up such that installing a few electric baseboard heaters might be possible to save on the gas bill - but i would still just shy away if not metered separately at the outset. 10) do shop for a lender and compare (usually pretty standard but there can be some fluctuation) - dont fall for the ones that sound too good to be true - there are gimmicks out there - big bank or reputable broker should do you fine.
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28 November 2024 | 10 replies
Consider not just the purchase price but also renovation costs, property management fees, and local rental rates.Consider the Property Management Aspect: If you’re not planning to manage the properties yourself, finding a reputable property management company is essential to ensure smooth operations.Stay Updated on Local Regulations: Familiarize yourself with rental laws and regulations in Detroit to avoid any potential issues down the line.Feel free to ask any questions as you continue your journey.
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3 December 2024 | 9 replies
Just remember though, that you also build your own reputation as a developer, and if you get know for being too pushy and inconsiderate that these consultants have other clients to serve too, or that you fire too quickly...you will run out of people to work with.
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2 December 2024 | 35 replies
All complimented with Amazon fulfillment centers, google, and more tech manufacturing jobs.The bad reputation of “Detroit” comes from OOS investors wanting sub $40,000, D class properties in poor condition, because they pencil out to 2-3% deals on paper.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/477763/small_1621478429-avatar-mvmac83.jpg?twic=v1/output=image&v=2)
5 December 2024 | 87 replies
Completely agree, they have a solid reputation as a company that pays on time and as promised.
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11 December 2024 | 101 replies
But I can tell you that I regularly hear from the grapevine about the shenanigans some of the supposed reputable developers are engaging in.