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6 February 2025 | 42 replies
All complimented with Amazon fulfillment centers, google, and more tech manufacturing jobs.The bad reputation of “Detroit” comes from OOS investors wanting sub $40,000, D class properties in poor condition, because they pencil out to 2-3% deals on paper.
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16 January 2025 | 12 replies
I looked at somewhere between 150 and 200 deals before getting my first deal and that was at a time when market conditions weren't as tough as they are now.
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15 January 2025 | 7 replies
Look at recently sold properties in the same neighborhood that match the size, condition, and style your property will have post-rehab.
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18 January 2025 | 6 replies
Low or no down, seller financing and low or no interest with a balloon payment later is the holy grail (location, building condition, market also matter but it sounds like you have all that).
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22 January 2025 | 20 replies
You can find duplexes under $180K in C-class neighborhoods, in decent condition, that meet or exceed the 1% rule
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18 January 2025 | 8 replies
Summary of expensesNOICap Rate Condition of the building systems
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10 January 2025 | 5 replies
Quote from @Khon Kounbandith: The house was in good condition.
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9 February 2025 | 36 replies
There are multiple properties they own in the same condition now.
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20 January 2025 | 33 replies
@John Clark haha in Albany Park there are now million+ new builds and 2 units in average condition sell 5-600s.
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23 January 2025 | 10 replies
Managing property can either be a lot of work or fairly hands-off—it largely depends on the property’s condition and how well you screen potential tenants.As for deciding between the two property types, it really comes down to your long-term goals.