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4 January 2025 | 23 replies
I Offered it to them at 10% below market with him paying utilities. he wanted it, so I screened him to verify he can afford it.
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4 January 2025 | 5 replies
That's the reason there are so many fourplexes and so few fiveplexes or even sixplexes.From what I gather, post offices and utility companies rarely care much about the permitting/zoning issues, so it probably wouldn't have been hard to get those set up.
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28 December 2024 | 1 reply
Implementing water-saving initiatives is a smart way to reduce utility costs.
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31 December 2024 | 2 replies
You will have to gather more accurate operating costs (vacancy loss, taxes, utilities, insurance, mgmt fees, maintenance, HOA) to best determine potential future performance.
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16 January 2025 | 78 replies
If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 5-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.
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8 January 2025 | 15 replies
Use STR-specific insurance to protect both parties and automate operations with platforms like Airbnb, TurnoverBnB, and PriceLabs.Taxable income from the STR must be reported, but you can deduct related expenses like cleaning, utilities, and furnishings.
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25 January 2025 | 155 replies
I think you would have to join the course to know the other ways this Gator method could be utilized as he doesn't reveal everything in his YouTube videos.
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14 January 2025 | 17 replies
How messed up the other utilities are, how much has to get torn up and infrastructure done before any rebuilding can take place.
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28 December 2024 | 1 reply
And have you thought about building back utilities?
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12 January 2025 | 23 replies
If you have high holding costs (financing, taxes, insurance, utilities, etc.) the longer you are holding the less money that you are makingSelling profitably - How long will it take to sell?