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17 December 2024 | 15 replies
Always fix all water issues first before moving on to doing major repairs of a structural nature.
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11 December 2024 | 7 replies
When they ask the nature of my business, do I advise that I'm a real estate investor?
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13 December 2024 | 13 replies
WikipediaLow crime rate: Never invest in any city on this list: The most dangerous cities in America, rankedLow operating costs: Good indicators of a pro-business climate include:Property taxes: State Property Tax Rates - Rocket Mortgage.State average insurance cost: Insurance - ValuePenguinState income taxes: Tax FoundationLow risk of a natural disaster: Natural disasters can devastate your property and the surrounding community, leading to job losses and the closure of shops and businesses.
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24 December 2024 | 44 replies
The market can be tricky with its block-by-block nature, but it's been a great fit for all-cash purchases like yours.I also have a team on the ground in Detroit that helps manage everything from finding deals to overseeing rehabs, which is crucial for out-of-state investors.
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15 December 2024 | 18 replies
@Mike Lambert I'm curious about the nature of your investments in Mexico, geo area, type of investment, etc?
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13 December 2024 | 7 replies
This is a good thing if you want to do some rehab, but again, you must be very strategic about how much money you put into a place, knowing it won't naturally appreciate beyond what you create in improvements.4) We're having a bit of a zoning crisis.
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11 December 2024 | 4 replies
That will dramatically change the nature of the wholesaling business with the legal compliance factor that agents need to comply with.
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11 January 2025 | 420 replies
In Canada, for example, the average mortgage term is 5-years, so every 5-years you renew your mortgage and have the opportunity to pay down as much as you would like (if you wanted to pay more than the payment restrictions of a fixed-rate mortgage).If you want to pay down your mortgage more quickly and cannot afford to increase your payment, simply switching from the default monthly mortgage payment to accelerated bi-weekly payments will reduce your amortization by ~12% (the extra payment per year from the accelerated part) and reduce the overall interest paid by slightly more (~14%).Naturally, if you increase the bi-weekly payment, you will pay down the mortgage more quickly.
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30 December 2024 | 89 replies
I would not say I am confident in my experience but I will say I am confident in research, I have been researching extracting data from data points, and messaging successful airbnb hosts in the areas and I even have 3 meetings with 3 different Airbnb hosts this week to discuss over coffee about the ins and outs of how to be successful in this market or for them to just have a chat.
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15 December 2024 | 12 replies
You could reach out to the folks at The Nature Conservancy and they could provide additional info if that route sounds appealing.