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31 May 2024 | 33 replies
But now, you have the information to go out and close deal after deal (as long as you have enough grind and perseverance to stick with it - just like going to the gym with goals of losing weight and gaining muscle).
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31 May 2024 | 27 replies
Perhaps ensuring a direct line (by way of wire or Zelle) to the business account for the property will decrease the waiting period for funds to clear.
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29 May 2024 | 4 replies
With rent and mortgage costs doubling in recent years, affordability for locals has decreased significantly.
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31 May 2024 | 149 replies
You need to think of your worst-case scenarios, like vacancies, rent decreasing, fines, fire/water damage, and getting sued.
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28 May 2024 | 26 replies
Of course with great losses, the debt side of the ledger greatly increases and substantially decreases the income side.
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29 May 2024 | 26 replies
The population of Detroit has been decreasing like someone falling off a cliff for over 20 years.
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29 May 2024 | 21 replies
You'll also get the best relative tenants and the least amont of headaches.As you go down the alphabet, from A, to B, to C, to D properties, the relative appreciation decreases, but the cashflow increases - along with tenant performance issues and thus performance risk.What you want to pursue will dictate what areas to invest in.Let us know if you'd like to know more about Metro Detroit options.
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28 May 2024 | 17 replies
Raising the deductible is as safe an option as you can go instead of decreasing your coverage.
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27 May 2024 | 20 replies
Hey, @Justin Kane you're correct that the more doors the more money. but due to having many doors, there are general expenses that increase there by decreasing cash flow. for instance.
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27 May 2024 | 1 reply
Job growth and economic development in the area, such as the establishment of new manufacturing centers, will further bolster housing demand.Mortgage Rates and AffordabilityMortgage rates, which have been at two-decade highs, are expected to stabilize and potentially decrease slightly due to anticipated federal rate cuts.