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3 February 2025 | 3 replies
However, I had to subordinate the sellers note to 2nd position (hint: set up that language in advance to streamline the process, if that's the direction you're going to go).Since the ARV was high enough, and the potential income would support the mortgage and expenses, it all worked out.
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5 February 2025 | 8 replies
So it could take a decade to get to todays market rent. 2) it’s almost impossible if not impossible to non-renew a tenant, especially if you’re not an owner occupant. 3) As a seller, even if I could remove paying tenants I never would without a non-refundable payment from a potential buyer that covers all vacancies for 6 months if they fail to complete the purchase. 4) You MIGHT say as a buyer that’s worth it.
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2 February 2025 | 3 replies
Do this quickly because some counties have a time limit on when you can appeal.I recommend you research the market for:- Comparable Property Sales- Condition of your property, including anything that may affect your property's value- If you are really serious, an expert appraisal may be worth the effort.
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6 February 2025 | 5 replies
There are plenty of investment opportunities in the Detroit area as well which have the potential to offer immediate value, so I would weigh your options with care.
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9 January 2025 | 3 replies
I am a relatively new house flipper. One of the issues I have noticed is that some people think of a flip house as being the cheapest possible rehab. To address this I took detailed pictures from beginning to end o...
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21 January 2025 | 19 replies
My preliminary research on Zak has not shown much negative things yet.
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4 February 2025 | 3 replies
You can contribute by finding deals or managing properties in exchange for a share of the profits.Lease Options: Control properties without owning them by renting with an option to buy, and potentially sublease for profit.Owner Financing: Buy properties directly from sellers willing to finance, bypassing traditional lenders and often requiring less upfront money.REIGs: Join real estate investment groups to pool funds with others for property investments.For a more hands-off approach, investing in turnkey properties in growing markets with minimal upfront investment would be ideal (like in the Southeast and Midwest of the country).
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28 January 2025 | 8 replies
We are being conscious of property tax on a vacant piece of land (our potential liability) as well as the potential capital gains taxes (their potential liability).
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3 February 2025 | 4 replies
Of course, do your due diligence, listen to podcasts, read, research, etc.
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4 February 2025 | 2 replies
I am wondering if anyone has good places to research affordable yet healthy/upcoming markets to invest in MA. looking to get into my first househack/203k so just trying to figure out where to look.