Caleb Johnson
Comping Homes in Detroit
18 December 2024 | 4 replies
We see a lot of success in the suburbs:Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 5-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.
Phillip Austin
Should I fire one of my owners?
3 January 2025 | 8 replies
I always cover my experience, the brokerages experience, and expectations with communication - 9 - 5, M-F, 24 hr turnaround during business hours, and the owner can reach out to me personally when the team isn't present.
Noah Bacon
BiggerPockets Pro Partner Update - Stessa!
15 January 2025 | 49 replies
I'm pretty annoyed i was lead to this software through bigger pockets. i assumed they vetted the software WELL before partnering and presenting it to their members.
Pearse Cafiero
New To Investing
31 December 2024 | 11 replies
This negative equity position is one of many reasons that adding ADUs in a single family zone is not typically a good RE investment.OP whatever you decide to invest in, make sure you do thorough and conservative underwriting. good luck You’re right in that the level of underwriting I presented wasn’t institutional level - but for your average person just starting out, institutional grade analysis often makes the thought of investing overwhelming.
Austin Tess
Questions about refi
29 December 2024 | 8 replies
Then tell us the nature of your remaining questions and concerns as to each remaining aspect, so people can have intelligent, focused, SHORT, conversations with you on each issue you present.
Neil Clooney
Real estate mentorship
18 December 2024 | 3 replies
You should be able to get a good feel for their knowledge and expertise through digital resources they provide (webinars, youtube videos, social content) Character - You need to believe they have your best in mind and they prioritize it.
Rodney Davis
Strategic Investments Partners?
22 December 2024 | 4 replies
Quote from @Rodney Davis: They presented themselves as private lenders.
Jonathan Small
Case Study: Cockroaches to Cash Flow
27 December 2024 | 2 replies
Many pest companies stated this was the worse infestation they had ever seen.Despite its condition, the property presented an attractive investment opportunity due to its below-market listing price.
Al D.
Procrastinators Rejoice (CTA/FinCEN)
24 December 2024 | 4 replies
At present, the filing requirement is back on.
Michelle Fenn
Facebook Rental Listing
20 December 2024 | 6 replies
People can remotely access the homes using your digital lockboxes, if you have them.