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20 November 2024 | 13 replies
.$100k for a 2/2 is high for the City of Detroit, unless at least Class B.So, you should take time to understand the NEIGHBORHOODS in the City of Detroit.You might want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider: https://www.biggerpockets.com/member-blogs/3094/99854-deep-dive-into-metro-detroit-cities-ecorseContact us with any other questions:)
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20 November 2024 | 2 replies
It’s a neighborhood that’s gaining momentum as more investors discover it.Key ROI Factors:Low entry prices compared to other urban neighborhoods.High appreciation rates as demand spills over from nearby areas like Berry Hill and Wedgewood-Houston.Pro Tip: Look for 1950s ranch-style homes with potential for open-concept layouts.4.
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7 December 2024 | 150 replies
You won't learn much reading generalities in forum posts or blogs.
25 November 2024 | 14 replies
You will need to get a local, rockstar Realtor, contractor, lender, and property manager.https://www.biggerpockets.com/blog/core-four-real-estate-teamI know a lot of out of state investors that buy in Columbus, Ohio
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18 November 2024 | 7 replies
When they finally move out, you'll discover a ton of unreported maintenance and possibly damage caused by failure to maintain.Landlords should encourage tenants to report maintenance issues.
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20 November 2024 | 9 replies
I'm sure there are likely articles and posts on the BP blogs about this very topic, don't be hesitant to check those out.
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20 November 2024 | 19 replies
Again, the BiggerPockets store has some books on this topic, or you can learn about it by watching podcasts, reading blogs, and interacting on the forum.
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1 December 2024 | 134 replies
Many lenders wouldn't have discovered this.
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18 November 2024 | 47 replies
We’ve published blogs and courses on this topic for a few years but unfortunately we still see the incorrect application of law on 70% of incoming STR prospects!
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18 November 2024 | 9 replies
We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.