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23 December 2024 | 1 reply
If you do not have those it will extremely hard to ever sell it to someone who will require bank/lender financing or refinance it down the road if you want to pull out cash on the ARV or future equity.The other rule of thumb is that you buy it New and that it was never on another property or location, simple built onsite or trailered in from warehouse.
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24 December 2024 | 5 replies
Mobile homes are cash cows and we are doing extremely well with them.
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3 January 2025 | 8 replies
If interest rates stay high, and I think they will, we will see huge tailwinds for rent growth - to the point where "the rent is too damn high" people will begin to get extremely disgruntled and rowdy over the course of 2026.
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31 December 2024 | 32 replies
I vetted out a lot of the other turnkey property companies on Bigger Pockets before deciding to go with REI and I feel extremely confident REI is the best.
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28 December 2024 | 8 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!
1 January 2025 | 24 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.PM us if you’d like to discuss this logical approach in greater detail!
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1 January 2025 | 12 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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5 February 2025 | 205 replies
Thanks Zach, I totally agree.Here are some things that keep me extremely optimistic about the build, when I have moments of frustration:-My initial expectation of value was ~340k.
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7 January 2025 | 27 replies
Something is definitely extremely fishy going on with this Eric Spofford dude.
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24 December 2024 | 5 replies
So, proper screening is EXTREMELY important!