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4 February 2025 | 11 replies
The reason I ask is that knowing the fast movers of the area may help you choose your project.Lastly, what kind of renovation budget have you established, and is it an upfront budget, or will you be contributing to it over the time that you live in the property and renovate it?
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17 January 2025 | 35 replies
I know this is an old thread.I'd like to get a more recent opinion of these apps.I think the DFD options is very interesting.What we want to do is endorse one of these for our Real Estate Club in Greenville, SC and have a contest for our members to see who can find the most deals with the software.Maybe try and get a rep from the company we choose to come and speak at one of our in person meeting and also negotiate a longer trial window if possible for our members.
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7 January 2025 | 2 replies
If that is the case then I would say yeah work with an agent who has a solid reputation either here or from a friend referral.
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14 January 2025 | 1 reply
The property itself should bring in revenue ( even if you choose not to live in one side) and generally a bank will accept a portion of that rental income into the calculation.
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3 February 2025 | 7 replies
Above all, choose a market that aligns with your goals!
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22 January 2025 | 31 replies
Wholesaling can be a great way to learn a market and build capital, but holding rentals can provide steady cash flow and equity growth over time—especially in markets like Detroit, where entry prices are lower and rents are solid relative to costs.If you’d like to learn more about navigating Detroit, feel free to reach out—I’m happy to share some resources or insights from my experience.Best of luck in whichever direction you choose!
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18 January 2025 | 1 reply
There are more listings to choose from now than any other time in nearly a decade.
7 February 2025 | 5 replies
Instead, the code is now written that I can build as many units as I choose as long as they meet building code and the total floor area to lot area ratio is 1 to 1 (the lot is just over 6000 sf).
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24 January 2025 | 42 replies
You do run a "risk" of being outbid at REO sale and "losing" the property, but given that may happen, the "total debt" is your security as you may bid up to that amount where it makes sense, but you may also be able to cash out for a healthy profit at sale if you so choose.
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6 February 2025 | 13 replies
Quote from @Joseph Sakic: Choose your hard.Do your research to find a quality PM.