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3 February 2025 | 4 replies
Domes are probably the cheapest to get up and offer good cash flow.
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5 February 2025 | 4 replies
Is it doable - yes but you will need to go to a lender who probably uses their own funds vs. an instituational lender as they will not like 2nd position nor the low amount.
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19 February 2025 | 14 replies
I spent years there in Jackson did probably 1000 flip loans to locals and owned at one time 200 sfrs..
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7 February 2025 | 1 reply
The only way I could see that he could is if it was a multi-family property, but you'd probably only be able to apply it pro-rata towards the units he did NOT live in.4) If your AGI is < $100k, the max is $25k.
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6 February 2025 | 12 replies
There were times where I got frustrated with him and there were probably more times that he got frustrated with me.
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29 January 2025 | 16 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+ (roughly 5% probability of default), zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680 (around 10% probability of default), some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.
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5 February 2025 | 4 replies
You probably have a lot of friends or relatives with money to invest and an interest in real estate, but they have no clue what to do.
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20 February 2025 | 11 replies
If you’re confident in handling the entire process from start to finish and know how to mitigate risks when things go wrong, then you probably don't need an agent.
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7 February 2025 | 4 replies
Remember if a deal sounds too good it probably is.