![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/180553/small_1621422761-avatar-kfettke.jpg?twic=v1/output=image&v=2)
6 January 2025 | 38 replies
Despenas LLC aka SDIRA Wealth aka Modern Day Living Real Estate LLC are all scam companies that inflate housing prices in the neighborhood only to sell eviction-prone extremely damaged homes with no intent to perform the agreed-upon inspection repairs and send you through multiple corporate hoops after purchase only to completely ignore you immediately after the sale.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2760682/small_1727119952-avatar-jasonm1262.jpg?twic=v1/output=image&v=2)
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?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3111838/small_1725274609-avatar-shakthik.jpg?twic=v1/output=image&v=2)
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?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3165201/small_1736207070-avatar-anthonym1231.jpg?twic=v1/output=image&v=2)
7 January 2025 | 11 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?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1159508/small_1621509722-avatar-salils.jpg?twic=v1/output=image&v=2)
30 December 2024 | 11 replies
It the tenant causes a fire and damages my house and neighboring houses then their renter's insurance will conver all the costs.My HOA has insurance.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/210512/small_1651683954-avatar-jfernez.jpg?twic=v1/output=image&v=2)
18 January 2025 | 10 replies
The problem is that there isn't a lot out there, and when looked into each comp extensively, I saw the numbers were deflated because they were 'as-is' properties with extensive damage, or properties with a well, and other mis-matched differences.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2800980/small_1736472821-avatar-marttie.jpg?twic=v1/output=image&v=2)
17 January 2025 | 22 replies
@Martti Eckert here's the big issue that no one really talks about that you hopefully find helpful (this is copy & pasted):-----------------------------------------------------------------------------------------------------------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?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2910498/small_1730399145-avatar-sonjar15.jpg?twic=v1/output=image&v=2)
1 January 2025 | 12 replies
I am not sure if anyone else saw it:"Full and Liquidated Damages": This limits both parties to just the damages stated in the contract.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2823313/small_1695214249-avatar-mariec93.jpg?twic=v1/output=image&v=2)
6 January 2025 | 25 replies
To replace your income you need to flip a lot of houses, I'd do the math with an average 10-15% profit margin, because you have to account for some turds.The other opportunity is to change your job and take out the element that you hate.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2018141/small_1621517530-avatar-chrisgould.jpg?twic=v1/output=image&v=2)
7 February 2025 | 13 replies
Luckily I had a good reason because there was massive flood damage in the home.