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16 January 2025 | 7 replies
Most of the time I do the BRRRR strategy and I have scaled to 9 doors now, one of which I'm planning to flip.
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25 January 2025 | 12 replies
Hi Yooni,I’ve been self-managing my 12 Detroit doors for the last 2.5 years, and while I’ve made it work, it’s been far from easy.
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6 February 2025 | 28 replies
Every state is different but what if you added additional egress doors/staircases?
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15 January 2025 | 8 replies
They normally do a very poor job that will have to be corrected later - drips on the floor, doors walls and molding, poor job of cutting in, bleed through on the walls.
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10 January 2025 | 6 replies
Look for multis with separate entrances in different areas like one door in front for one unit and a door on the side or back for another.
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14 January 2025 | 7 replies
May allow you to get more rent vs the same house next door without a pool.
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1 January 2025 | 2 replies
A client of mine recently invested there and raves aboutt the ease of finding solid contractors who stick to the budget.One piece of advice: before jumping into any market, spend time understanding the local economy, demand drivers (like job growth and population trends), and the landloard laws.
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25 January 2025 | 26 replies
Hey Maxwell,Find an area that you would like to farm and start sending out oversized postcards via the USPS's Every Door Direct Mail (EDDM).
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11 January 2025 | 31 replies
ONLY knock on doors and ONLY within 10 days of the auction. that is when folks are getting a reality check that they must do something.
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29 January 2025 | 12 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.