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22 July 2024 | 38 replies
The horror stories are people buying too cheap and buying bad houses.Lots of great opportunities in Metro Detroit.LogicalPM can manage.We just heavily recommend not buying the cheapest property or getting tricked by a wholesaler on a $15k “great opportunity”.Just buy the good stuff.Metro Detroit (my rental portfolio is here)Purchase: $80k-$130kRent: $1200-$1500ROI: 10-14%Cash flow: $250-$350/doorAppreciation: Double digit (for past 10 years, will gladly send data)Location: C+, B- (suburbs and certain markets)We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, mortgage, Amazon fulfillment, and more jobs.The bad reputation comes from OOS investors wanting $20k D market properties.
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20 July 2024 | 16 replies
Not ideal, but their assessments are still double digits under true market value.
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20 July 2024 | 28 replies
Currency may become irrelevant.
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22 July 2024 | 71 replies
It's hard not to fall into this trap when digital marketing and social media advertising is constantly shoving all of these unnecessary products and services down our throats.
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22 July 2024 | 120 replies
Other examples of Private Property rights under attack are when countries impose exchange controls to keep people from taking action to negate the confiscation of their accumulated wealth through rapid inflation; when government imposes ridiculous limits on individuals right to improve their real property; when restrictions are placed on assets individuals can own (it was illegal in the US to own gold bullion until our currency was no longer backed by gold); and when taxes are imposed on wealth for the purpose of redistributing that wealth.
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20 July 2024 | 5 replies
HELOC's are low cost, digital, cookie cutter no exception type processing- you fit in the box or not.
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19 July 2024 | 5 replies
BUT, you will be paying a mid double digit rate.
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18 July 2024 | 5 replies
Lockbox installationKey duplication, meeting locksmiths, digital lock code changesMeeting cleaners, landscapers, tradespeopleProperty walk-throughs via phone and/or video conferencing Move-in and move-out inspectionsPlacing signage on propertiesPhotos and videosProperty description copy writingScheduling contractors and tradespeople for vacant propertiesStatus reports on contractor/tradespeople progressProperty drive byMail pickupDocument delivery
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18 July 2024 | 1 reply
The force you to come up w business name on the spot to do business cards and reserve website url for a website they host, for a url they own - if you leave, they own those digital assets.
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16 July 2024 | 1 reply
I don’t have to pay anything, all debt denominated in dollars is illegal since the Federal Reserve no longer back the currency with gold.