
3 February 2025 | 56 replies
Your story resonates with me and my partners, as we too ventured into Detroit's real estate market, albeit on a larger scale, and have faced some significant challenges.In the early days of COVID-19, my partners and I invested in land in Detroit's vibrant Corktown neighborhood with the intention of building 42 townhouses and a 72-unit rental building.
7 February 2025 | 5 replies
I'm trying to weigh the value of including parking for all units vs. just parking for some (potentially larger) units, and perhaps even fitting an additional unit.

27 January 2025 | 5 replies
In exchange, he gave her a small rent discount and even helped her relocate some of the larger items.

20 January 2025 | 3 replies
When that happens you will only lose part of your cash flow rather than all of it if you have multiple DSTS vs one larger one.

16 February 2025 | 20 replies
Since the funds are business credit, you wouldn’t have to worry about personal financial strain, and it allows you to keep your capital intact.I’ve seen investors use this method in various ways: some use business credit cards (with 0% APR for 12 months) to pay for renovations or bridge loans, others use business lines of credit to cover larger gaps.

19 January 2025 | 4 replies
How Energy-Efficient Windows Can Save You Money" – Educate about long-term savings."

30 January 2025 | 8 replies
Most larger communities will have a Homebuilders Association, i would start networking to find a builder that can finance the construction.

29 January 2025 | 9 replies
@Kenny BaoTypically, larger properties are sourced through brokers.

25 January 2025 | 13 replies
It's stopping me from scaling to a much larger portfolio leveraged versus a smaller paid off portfolio.

15 February 2025 | 14 replies
HELOC Basics:A revolving credit line secured by your home’s equityLow interest rates, but often variableDraw period (5-10 years) → Repayment period (10-20 years)✅ Pros: Lower interest than other loans, flexible access to funds, potential tax benefits⚠ Cons: Home is collateral, payments may increase, short repayment termWhen It Makes Sense:The rental property cash flows enough to cover HELOC paymentsYou borrow conservatively (avoid over-leveraging)You have a backup plan in case of market shiftsSafer Alternatives:Save a larger down paymentConsider seller financingPartner with another investorFinal ThoughtsWith your timeline set for November 2025, take time to research markets, build connections, and plan financing wisely.📌 Key Takeaways:Out-of-state investing can work but requires a solid local team.Use online tools like BiggerPockets, Rentometer, and Roofstock for analysis.A HELOC can help, but be mindful of risks and repayment terms.