
4 October 2024 | 8 replies
Not everyone is fit to be a landlord and I don't know what expectations were set when you first bought it.Regarding him not working on the house since he started dating someone, you need to politely tell him that he has obligations that he committed to.

5 October 2024 | 5 replies
Showing property of interest below: This is what I'm understanding...Property price: $210,100Rehab: $30kARV:$270kTo please a bank, they will ask me to leave 30% in the property when I try and cash out...that's going to mean if it appraises to the expected $270k, I need to leave $189k in (270 x .7) However, I've already purchased it for $210,100...is anyone seeing the difficulty here?

3 October 2024 | 3 replies
Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

5 October 2024 | 7 replies
@Aaron Kohanbash start with this;)Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.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 Class A property in Class D area, what quality of tenant will you get?
4 October 2024 | 7 replies
I think I may have read it - but honestly somewhat of a blur because I've read so many different blogs/articles on the various classes of property to help me not only gauge where it is, but also in setting expectations.

7 October 2024 | 34 replies
That means increasingly better cash flow.I expect Detroit prices to 2x in the next 5+ years given what's happening there and the current trajectory.That said, again, if you believe investing in CA will match your goals it's a great, time tested market.

6 October 2024 | 26 replies
That will give you a rough idea of what to expect.

3 October 2024 | 7 replies
I just saw all my insurance policies come down for the first time (renewal last month) and my condo association is expecting a flat or decrease at renewal.

4 October 2024 | 11 replies
@Sinuway MartinezRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.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 Class A property in Class D area, what quality of tenant will you get?

3 October 2024 | 8 replies
@Andrew Syrios I will try and track down the source, but I read somewhere that the money has been spent and it will not be refunded by the county and they’re unsure how they will remedy it for owners, but I don’t expect any money back