Jason Mitchell
New Detroit Rental Investor
8 January 2025 | 9 replies
@Hiyun Park only experienced investors can DIY everything in Class C Midwest areas like Detroit, Cleveland, St Louis, etc.Hopefully the info below will help you:-----------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Bethany Merlucci
Help this newbie investor to decide if this is a good first property
10 January 2025 | 4 replies
Figure out what your property taxes will be at the new sales price.
Jason Dubon
Small Multifamily - Maintenance/Expense Project
5 January 2025 | 7 replies
This figure is for C class properties.
Daniel M.
Mid-term rental research- What should I look for?
9 January 2025 | 6 replies
I'm trying to figure out if this house would be a good mid term rental.
Clint Miller
Where Do You Find the Funds for the Down Payment?
26 January 2025 | 15 replies
I figure REI is like most other things in life… hard work and persistence will get you there.
Shakthi Kamal
Is a min of 2% rent to price ratio needed for positive cashflow in today's market?
6 January 2025 | 2 replies
----------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Del Brady
Can an introvert without a sales background succeed in REI?
14 January 2025 | 16 replies
I’ve hit a challenge in shifting my mindset and would like to ask the group - if I’m not an extrovert with a sales background and the cushion of a 6-figure corporate job, will I be able to succeed at REI?
Sejin Kim
Good real estate classes?? el
6 January 2025 | 2 replies
I would review your process with how these investments are going so far and figure out what's working and what's not.
Benjamin Ying
First time investor needing some confidence!
2 February 2025 | 50 replies
You may not need to visit each property you buy in that area though.4) Unless you are buying Class A turnkey, you should have a PMC.5) See below copy & paste info:-----------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Jonathan Sanchez
Pricing Strategy - What is your approach?
16 January 2025 | 13 replies
You can tinker with all sort of pricing strategies on the platform, but the key is figuring out your base price, which they help with as well.