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12 January 2025 | 185 replies
talking to the Bank its going to be far and few between that the mortgages these folks are taking sub to is still owned or controlled by the "Bank" the loans were sold within months of origination and maybe MERS has it ( sliced and diced) and for sure your dealing with a servicer.. who is not going to negotiate one bit.. now if you happen to have a sub to with a portfolio lender and you can actually talk to someone who is a decision maker thats different but I submit those loans will be a small fraction of the deals being done.
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18 December 2024 | 4 replies
We see a lot of success in the suburbs:Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 5-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.
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28 December 2024 | 8 replies
This control over contact, is apart of manipulation and abuse.I may be a kind person, I do consider myself to be somewhat of an empath as when I am dealing with confrontation or a disagreement I always try to put myself in the other persons shoes.
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21 December 2024 | 14 replies
if you allow the use of it I would mention something in your contract that the tenant is responsible to manage a controlled safe fire or something along those lines.
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19 December 2024 | 21 replies
North Canton is a mess right now, they outsourced their building department and went way off the deep end with controls and penalties.
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27 December 2024 | 22 replies
I want to be in control of what happens with my property and my cancellation policy so I won't use Airbnb or VRBO for midterms.
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17 December 2024 | 2 replies
The proposed $38.5 billion deal would combine two major players in the U.S. convenience store market, potentially controlling 20% of the market.7-Eleven, the largest U.S. convenience store chain with 12,601 locations, currently holds 14.5% of the market.
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19 December 2024 | 5 replies
Let's analyze each issue you've mentioned:1) Tenancy Length: besides issues a landlord can't control, like death, sickness, job loss, etc., the actual management of the property & tenant play a large roll in how long tenants stay in their home.
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16 December 2024 | 21 replies
The property is 2 hours away, but it feels like I’d lose a lot of control.
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18 December 2024 | 4 replies
If you're considering just "winging it" please watch Pacific Heights starring Michael Keaton so you can get an idea of what life will be like inside the same building as rent control tenants whose rent control you are trying to terminate.