Since 2018 (when there were almost NONE) the rules and regulations required to get a permit have gradually increased, and therefore the areas and properties that are eligible have correspondingly shrunk dramatically.

You will need to work with a broker or a correspondent lender to get access to these types of loans.

So, sellers can also be asked to sign notarized affidavits personally guaranteeing the validity of leases and ledgers.So now, let’s get to the clause to include on your purchase agreement to make sure you get all this information in enough time to review it.Seller(s) agrees to provide the following to the buyer within X days of buyer’s satisfactory inspection, but in any case at least X days before closing: All rental leases, rent ledgers, tenant(s) valid phone numbers and email addresses, rental applications & supporting tenant identification, income and asset information, any documents corresponding to any ongoing legal actions pertaining to the property, leases, service contracts, etc., at least three (3) months of the most recent bank statements for any account(s) rental funds were paid into and any company or corporate tax returns for proof of income and expenses.

https://michiganchronicle.com/2024/01/03/major-developments-that-will-define-detroit-in-2024/Just be careful you understand the Class of properties you are targeting and that you fully understand the corresponding pros and cons.Many investors get burned when they buy a Class C or D property, thinking they will get Class A or B results.Let us know how else we can help!

The value is not as important as the Class of the Neighborhood, Property and corresponding Tenants!

Whether it involves email correspondence, written agreements, or meeting minutes, the practice of maintaining comprehensive records is essential for upholding transparency and clarity in any business or organizational setting.Documenting the process through detailed records, including agreements, communications, and any changes or modifications, will help protect both parties in case of any disputes or disagreements that may arise in the future.

GM has to dump some of these brands, and all the corresponding overhead.

Christy was right to suggest that the better the nearby schools etc, the LOWER the likely cap rate (ie. purchase price goes up more than the corresponding rent return part of the equation).

@Mandy CohenA few notes of feedback:1) If you're looking to 1031, have you thought about investing in  DST's?

You probably mean the tax return you filed in 2023, and that was your 2022 tax return.When you file your next return later this year, which will be your 2023 tax return, you will need to also file Form 3115 with corresponding attachments recalculating depreciation for all prior years, including the years when you did and the years when you did not claim depreciation.