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18 February 2025 | 17 replies
So is this just as simple as showing how much the property makes or do they also look at personal debt to income, credit score, reserves etc as well.
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10 February 2025 | 71 replies
Yikes I am almost afraid to jump in on this one, however, I know Joe personally and he is not a scammer.
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20 February 2025 | 46 replies
I question if the person that has issues matching 1) knows how to feather 2) has the original paint color/code.
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29 January 2025 | 4 replies
Approach them directly.
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22 January 2025 | 31 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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23 February 2025 | 10 replies
You’re still going to be personally sued when something goes wrong.
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1 February 2025 | 16 replies
@Timothy Frazier I wouldn't use the word bad because if that is the route needed to acquire a piece of property then mission accomplished however you are stacking the deck against yourself with this approach.
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23 February 2025 | 10 replies
Sharing some of my personal experience.
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27 January 2025 | 6 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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22 February 2025 | 0 replies
We also have relatively low expenses (personal expenses, mortgage/escrow on other rental property, and escrow on current property) that are around ~$120k/year.