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10 June 2024 | 39 replies
If not I will try to refinance and then either pull the trigger on furnishing the home for STR (cleaners and handymen were hired/ interviewed on the trip out,) and still have the boots on the ground in case of emergency.. or just long term rental and refinance, repeat…Not a perfect deal, but I learned a ton!
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8 June 2024 | 21 replies
I did make a trip to Detroit and drove around neighborhoods to realize 'every block is different'.Its still sounds lucrative wrt ROI, but with concerns of- Property taxes : probably most complicated of all states- Home insurance is too high- Property management is too variable, anywhere from 6-12%.
10 June 2024 | 20 replies
Starting close to home or a day trip is easier to view properties. go to meet-ups and explore areas.
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10 June 2024 | 49 replies
If you don't like Ohio, or don't want your travel days taken up by a business trip there, don't invest out of state!
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7 June 2024 | 14 replies
I do a lot of repairs and maintenance myself when I come down in the winter and during the quarters I make the trip, but here's just a sample of things I had to pay for in the last year:Pool screening: $985 (big hailstorm destroyed 13 screens)Irrigation repair: $394Irrigation repair #2: $230Palm trimming (twice: $200Pool light replacement: $950And all of that of course leaves out routine replacement of towels that get left at theme parks, sheets and pillowcases, busted blenders, and a host of other things I can't even think of right now.
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6 June 2024 | 0 replies
I am joining her on the trip and won't be attending the conference.
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6 June 2024 | 18 replies
I am having some issues finding insurance in Louisiana since many providers left because of the flooding and hurricanes that happened in the past, and insurance is very expensive but I have connected with you on BP so I will keep you posted if we get a deal in this trip, but very soon we will do our first one for sure.
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6 June 2024 | 71 replies
Tripping over dollars to pick up pennies.Even when investing in your local market one should think about making it as passive/hands off as possible.Not right away but over time for sure.As the cliche saying goes "Working on the business and not in the business"Investing in real estate shouldn't just become another job.Easier said than done but still, this should be every investors focus IMO.Happy Weekend bro 🙏 there was a case where an Aussie citizen decided they were going to save money and come to detroit to do their renovations themselves.. got in a arguement with someone and boom shot dead.
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11 June 2024 | 116 replies
Roofies are also expensive when their "collective" or "syndicate" goes off to Vegas for a "business trip".
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6 June 2024 | 16 replies
I'm definitely saving it for our annual ski trip. :-)