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2 January 2025 | 13 replies
@Rae Chris Ann Arbor is pretty expensive, so difficult to find cashflowing rentals.You may want to look in Ypsilanti - if you want to stay in your area.Otherwise, Metro Detroit offers a LOT of options.Read our copy & paste below for some helpful info:---------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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4 January 2025 | 35 replies
@Josue RamosRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.
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2 January 2025 | 9 replies
I also have $100,000 in the bank, and I'm trying to figure out what steps to take next.
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2 January 2025 | 3 replies
It even states that the lease “will repeat itself” but doesn’t specify terms like figures or percentages for rent increases.
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27 January 2025 | 35 replies
Of course, with any public figure involvement, there may be some negative feedback with that person, but from my experience, the SDIRA Wealth building team in general is definitely worth considering.
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12 January 2025 | 28 replies
Given when a return is audited some of these DIY firms note that (if audit protection is purchased) they will do a full engineered study to support the figures used within the audit.
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4 January 2025 | 9 replies
Is in there, but a great thing you can do now is get your "core 4" figured out - agent/lender/manager/contractor - obviously you can adjust this and do one of the pieces yourself (self-manage for example) or don't need a contractor if you do only turnkey etc but getting this nailed down early is key
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8 January 2025 | 27 replies
How do i know the contractor not cut corner, the seller refuse to disclose the scope of work done, and the contractor said he won't reveal it without seller permission, so they are basically say we won't give you any information beside invoice, other figure it out yourself with your own money, we don't' have obligation.
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16 January 2025 | 31 replies
Has anyone here figured out how to better automate the bill input into Baselane?
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9 January 2025 | 12 replies
One more thing, especially for people who don't meet my criteria, besides more deposit is required, I also do a interview with them, not interrogation style, more like a friendly conversation to figure out their situation.