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29 January 2025 | 12 replies
Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!
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29 January 2025 | 25 replies
(saving the money to have your own deal is the worst idea)
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3 February 2025 | 25 replies
The fact that you have made such good time on the rehab of this one means that you will not be able to refinance on its new value until you have owned it for 12 months, otherwise they will go off of the 'value' that you bought it at.Whereas if you refinanced it into a 30 year DSCR loan, you would likely be good right now, or worst case most are good at about 90 days.
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3 January 2025 | 40 replies
Sell your worst property first.
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2 January 2025 | 18 replies
The worst tenant I ever rented to fit this concern exactly.
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25 January 2025 | 26 replies
Many people make the mistake thinking it's all about the Relationship.....It's not.
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7 January 2025 | 8 replies
A PMC is the ONLY one that will deal daily with your property.Here's some copy & paste advice on hwo to screen PMCs: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.
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16 January 2025 | 10 replies
It IS probably the worst time of the year - but that's when I go away (I'm a snowbird) so Jan, Feb and March are when I need to rent it.
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15 January 2025 | 14 replies
Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.