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20 January 2023 | 7 replies
Quote from @Drew Sygit: @Dennis ShirshikovYou might want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider:https://www.biggerpockets.com/...
28 January 2019 | 2 replies
@Drew Kunkel I have no idea if there is one but check the FilePlace under the tools tab above
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27 September 2022 | 10 replies
Quote from @Drew Sygit: @Michele Velazquez to give you even more to think about, your vacancy/nonpayment rate should depend on the Class of property you are buying.Class A - can get away with the 5% you are usingClass B - recommend 10%Class C - recommend 15-20%Class D - recommend staying away unless you are VERY experienced.
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27 January 2023 | 17 replies
Quote from @Drew Sygit: @John Underwood Once you create a Self Directed IRA and select a property, you can manage the property in one of three ways.Manage through a Self Directed IRA Custodian - The IRA custodian is involved in each transaction under this property management structure.
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26 January 2023 | 17 replies
Quote from @Drew Sygit: @Josh Hancock so many more things can go wrong with STR rentals vs LTR's.
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29 January 2023 | 12 replies
Quote from @Drew Sygit: @Zachary Brown two suggestions:1) Timeblock your calendar and plan for success2) Make sure your wife is your partner and able to pickup when you are busy.
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2 January 2023 | 12 replies
I disagree with what @Drew Sygit stated.
10 October 2022 | 22 replies
Quote from @Drew Sygit: @Muhamed Abd. recommend Buildium also as you'll never find an accountant to keep track of all of it without paying them a LOT.You can also look into, RentRedi, TenantCloud, Apartments.com, Hemlane, Rentec.Good luck, you'll need it.
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13 January 2023 | 4 replies
@Drew SygitThank you for the advice!