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Results (10,000+)
Jason Mitchell New Detroit Rental Investor
8 January 2025 | 9 replies
@Hiyun Park only experienced investors can DIY everything in Class C Midwest areas like Detroit, Cleveland, St Louis, etc.Hopefully the info below will help you:-----------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Ezra Avery Hello & Thank You
7 January 2025 | 5 replies
@Ezra Avery you might want to read below to understand Classes of Property/Tenants.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Polat Caglayan focus on in detroit
9 January 2025 | 5 replies
Most out-of-state investors looking at Detroit are typically focused on cash flow, which means they're usually targeting C or C+ neighborhoods.
Jermaine Washington Tenet has abandoned property without paying rent.
13 January 2025 | 11 replies
They'll typically leave behind mattresses, couches, broken furniture, rotten food, etc.
Jennifer Fernéz Help with this deal!
18 January 2025 | 10 replies
You typically want to include those utilities because if unpaid they become liens against your property.
Tomoko Hale A possible first STR property?
28 January 2025 | 29 replies
You can use a tool like AirDNA to get estimates of property performance in your specific market and with your typical size and configuration of home.
Aaron Bard Easy Street Capital (Legit or No?)
1 February 2025 | 19 replies
Thank you Nick - unfortunately it is the name of the game in this space that there will be people with bad experiences, typically when the appraised value doesn't come in as what they expect and they lash out at the lender accordingly (anyone in this space obviously understands this occurrence). 
Kristian Kotov New Asset Class - The Roomshare Condo
14 January 2025 | 3 replies
Third, the typical person renting a room is not a home buyer candidate. 
Clint Miller Where Do You Find the Funds for the Down Payment?
26 January 2025 | 15 replies
You typically need a down payment for many things you buy.
Praveen Kumar Rent to retirement
1 February 2025 | 9 replies
There are tons of threads here on BiggerPockets where you have a new investor bashing a property manager, seller or turnkey guy and then when the experienced investors chime in it becomes very clear that the new investor wasn't telling the whole story and there typically wasn't any wrongdoing by the property manager, seller, turnkey guy or what have you.