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17 January 2025 | 3 replies
Personal guarantees are EXTREMELY common.
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12 January 2025 | 12 replies
And if you base an offer price on that, you'll likely have an extremely difficult time getting any traction.
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29 January 2025 | 11 replies
Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!
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2 February 2025 | 20 replies
We are in a constricted market cycle, low volume, strained budgets, high costs.
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24 January 2025 | 7 replies
And the laws and regulations here are very different, not very strict like the states.Prices are high and rents are low over here.
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26 January 2025 | 48 replies
HelloOver saturated STR in Ohio markets have caused many STR to drastically lower costs to as low as $100 for entire bedroom home.My are higher and I'm not competitive with the lower cost Abnbs.I also feel hotel industry are mass building new hotels to compete with str.
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22 January 2025 | 7 replies
The newest outdoor is still advertising 1st month free as they haven't filled up, and I spoke with the climate controlled owner/builder yesterday (he's a pretty big REI in the area), and he made it sound like he hadn't leased a single climate controlled unit since they opened a few weeks ago.I recently purchased a 140x45 warehouse with low ceilings and had debated doing self storage, but my market seems very saturated.
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11 February 2025 | 3 replies
., FHA loans, conventional mortgages, BRRRR method)Take online courses (BiggerPockets, Udemy, Coursera) most are inexpensive and self paced.Attend local real estate meetups, join investor groups, and connect with experienced agents via LinkedIn.Get Licensed & SpecializeChoose a focus: residential sales, commercial properties, wholesaling, house flipping, or property management.Join a brokerage to gain mentorship, hands-on experience, and leads before going independent.Start Small & Take ActionConsider house hacking (buy a duplex, live in one unit, rent the other) to build equity with low risk.I'm a mortgage lender at Aslan Mortgage Lending and would love to pick your brain about what you're trying to get into.
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6 February 2025 | 4 replies
Instead of moving into another single-family home, consider house hacking a duplex or triplex, this allows you to use low down payment loans (FHA, conventional) and offset your mortgage with rental income, accelerating your path to financial freedom.
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29 January 2025 | 7 replies
The city also benefits from a relatively low cost of living compared to other major cities, attracting both renters and investors.