Why are you targeting attorneys?

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

You will also need about 6 months of reserves deposited in a traditional financial institution rather than a crypto account.The next step is to find the target property and calculate the acquisition costs and costs of construction along with the after-repair value. 

@Jadan WilliamsIf I were in your shoes, I’d start by clearly defining my investment goals and identifying target markets with strong job growth, population increases, and development potential.

What’s considered a reasonable target for a property in a high equity growth market like this?

How do you determine a reasonable target return?

I like targeting outside of where I would live for SF and small MF (1-4 units) because of the lower entry price, usually higher cash flow since your rental income is higher relative to your debt service, and your appreciation potential is high if you can read the writing on the wall.

A quick web search shows it can cost upwards of $25,000.I'd say that if the flea-bag isn't a service dog now, it probably never will be.

My wife and I have overhauled our personal budget to reflect the 'pay yourself first' approach (allocate in order: income comes in -> invest -> donate -> fixed expenses -> variable expenses -> fun $$).We are looking to see what experienced people generally recommend for a holding tank for that 'invest' allocation while we target our first real estate deal.What financial vehicles have you guys used that works well for this?

DR Horton made it through the recession and expanded by being in the part of the market that had the highest absorption which tends to be lots 5000-7000 sq ft and under the average price per square foot. in addition all of the land entitlement groups that we work with that do this at scale (20 at a time, not one at a time) only work with and target national builders.