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24 January 2025 | 12 replies
PS is revolutionary because of how it has simplified access to all of the various data points investors need to make a decision and because of this its extremely popular.You do not want to be using a popular lead source to increase deals because everyones chasing the same deals.And nothing will change with there data because there business model forces them to have to buy and license the data they get which means waiting for the county/databroker to send it to them which guarantees anyone using PS data will be behind the counties, only getting a fraction of the leads and getting those late leads the same time as everyone else.How do you get access to the leads first.
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17 January 2025 | 3 replies
This is a straightforward and common approach.However, make sure to document the change in the lease renewal or addendum, specifying the new security deposit amount.
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17 January 2025 | 6 replies
Here's some online software options that you commonly see recommended on BiggerPockets.
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18 January 2025 | 11 replies
In my experience, success in D-class areas almost always requires being local, extremely hands-on, and self-managing.
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20 January 2025 | 14 replies
Quote from @Erick Pena: A "good" rental property is one that covers all expenses (mortgage, taxes, insurance, maintenance, property management fees, and any other costs) and still leave a surplus (commonly referred to as cash flow).Calculate cash flow as: Cash Flow = Rental Income − Operating Expenses − DebtThere's much more to it, but that's the basic idea.
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29 January 2025 | 22 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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24 January 2025 | 37 replies
We have an extremely competitive market, huge demand and low inventory.
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15 January 2025 | 6 replies
Extremely knowledgeable guy and understanding.
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16 February 2025 | 70 replies
While i agree Wharton/Dickinson Narrows/Newbold probably have more upside but they are extremely block specific.
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16 January 2025 | 9 replies
It seems like a common challenge, and any advice you can provide would be invaluable.Thank you in advance for your help!