Wholesaling can be a great way to learn a market and build capital, but holding rentals can provide steady cash flow and equity growth over time—especially in markets like Detroit, where entry prices are lower and rents are solid relative to costs.If you’d like to learn more about navigating Detroit, feel free to reach out—I’m happy to share some resources or insights from my experience.Best of luck in whichever direction you choose!

With $50K and a DSCR loan, your budget will likely cap at properties in the $150K-$170K range, depending on the closing costs and any repairs needed.

BRRRR continues to work for SFHs, and still provides steady cash flow, easy financing, and strong demand.

However, you can file Form 8832 (Entity Classification Election) to change the LLC’s status to a disregarded entity, provided you act promptly.If you don’t make the election, you’ll need to file Form 1065 by March 15, 2025, adding complexity but retaining the same tax benefits, such as deductions for depreciation and repairs.

Is it provided by PreREO and who is the loss payee?

Beyond (formerly Beyond Pricing) – Useful for dynamic pricing and also provides some solid market data.   

The sale of our home will provide us with approximately $150,000 to allocate toward investments.At this stage, we feel most comfortable focusing on long-term rentals.

It will be highly dependent on the district and licensing.

We have both always been interested in forming some partnership in which I do the leg-work and he provides the finances.

This will all depend on how good of negotiator you are.