Christopher Reynolds
Colorado based rookie
28 January 2025 | 7 replies
Some of my network is renovators and real estate agents.
Polat Caglayan
invest in detroit
8 January 2025 | 5 replies
@Polat Caglayan very ambiguosu question, but read the helpful info below to guide your next set of questions:)-------------------------------------------------------------------------------------------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?
Kathy Fettke
How to go after Growth Equity Group-Brett Immel, Preston Despenas
6 January 2025 | 38 replies
Basically, what these guys did to some of our Real Wealth Network members allegedly is:- GEG showed RWN some of the properties they had renovated and leased out to prove their business model- They told our members via a webinar that they buy, renovate and sell rental properties below market value to investors with 8% cash flow- They said they offer non-recourse financing at 50% LTVIn reality, GEG sold properties that were not always renovated - even if the price point reflected a renovation.
Isaac Terry
Investing Out Of State - Starting
22 January 2025 | 20 replies
@Isaac Terry 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?
Jules Aton
Laminate Sheet Goods
12 January 2025 | 2 replies
STR beach condo renovation slightly above builder's grade but not super high end.
Simon Walker
Where to take the journey?
12 January 2025 | 7 replies
The last year I renovated a single family home to rent, pulled out some equity, couldn’t have gone better.
Travis Hill
WHERE/HOW DETERMINES PROPERTY CLASS (A, B, C)?
23 January 2025 | 21 replies
While they may or may not be professionally managed, Class C properties will have some deferred maintenance issues and need renovations and upgrades.
Roman Stefaniw
Arms length Mortgages/Private Lending
14 January 2025 | 15 replies
This is a self directed RRSP or TFSA account that allows you to lend your money out to people with the backing of their mortgage for a high interest rate. 1st, 2nd, 3rd mortgages, down payments, refinances, flipping or renovation money.
Carlos Rodriguez
New to US market
11 January 2025 | 9 replies
My focus has been taking abandoned properties and renovating to rentals, both short and long term.
Gregory Schwartz
What is a good occupancy rate for MTR
9 January 2025 | 8 replies
I've had them long enough to keep pushing up rents so that I am at the top of my niche, but know not to exceed it because I'm just about at the point where if I raised rents another $50-$100 I'd be crossing over into the lower end for larger units.