Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

Reason for asking is that I am trying to understand what a reasonable target rent per unit is for specific geographical areas. 

In order to create enough equity to refinance out all of the investment OR MORE targeting properties that need substantial rehabs is where BRRRRs bread is buttered.

This will happen in a market with balanced supply and demand, in a monetary system like the US, with fiat currency targeting 2% inflation.- In some markets, that are growing quickly, with great jobs and lots of inbound migration, this could be a little higher - like 4-5% per year over long time periods as demand outpaces supply.

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

I am just really frustrated that they advertise this insurance that they refuse to pay out. 

The result is that many of the multi-family properties that targeted Section 8 were vacant and went into foreclosure.

I have advertised through Hemlane, ZIllow and also MLS. 

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)