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16 February 2025 | 6 replies
Second is that you can be disciplined enough to take the money that is left over and not spend it on "stuff" so that you can have it to put down on your next property that you are going to house hack and that you will do it when you get to your next destination this summer or fall.
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18 February 2025 | 7 replies
If you want to spend the money you can consider triple pane.
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16 February 2025 | 44 replies
.#2 if the owner doesn't want to buy it back, I can begin collecting rent since I control the deed in my name at that point.
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11 February 2025 | 4 replies
Specifically, the the loan guarantors need to have controlling ownership in at least (i) 3 multifamily properties [with the first acquired at least 2 years ago], or (ii) 1 multifamily property that has been owned for at least the last 5 years.
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20 February 2025 | 51 replies
But on this specific guy, I jumped on a call to explore the program and it was a high pressure sales call, it did not feel organic, not trustworthy and certainly did not feel the right fit.Why would someone spend 10k on a so niched-down space of real estate when they can get someone for the same amount to teach him/her everything?
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3 February 2025 | 14 replies
The benefit is that you can take control of the rental while still allowing them to retrieve their belongings.
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29 January 2025 | 3 replies
Outside of real estate, I enjoy spending time with family.
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19 February 2025 | 88 replies
I also claim that the price and rent indicate it will not appreciate or have rent growth significantly better than inflation.I could not live on 100 of these (I admit to spending a lot of money).
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3 February 2025 | 11 replies
Like @Jesse Rivera mentioned above, I also go to a few sessions but spend most of my time in the lobby or at the bar making connections."
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23 February 2025 | 9 replies
If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 4-12%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.