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10 January 2025 | 17 replies
Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!
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15 January 2025 | 11 replies
This resulted in literally weeks of delays, which contributed to the closing being postponed and rescheduled, losing our locked interest rate.A big gap in the overall Kiavi process is that we never received detailed introductory emails about the steps of the refinancing process.
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2 January 2025 | 9 replies
STRs generally produce more income than LTRs, but they are more work.
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8 January 2025 | 22 replies
@Guillermo PerezPositives:- Equity Built: You now have $70K in equity, which is a solid result for your first deal.Cash Flow Potential: If the property rents well and covers your debt service while providing some cash flow, that’s a win.- Experience: You’ve successfully navigated a purchase, rehab, and refinance, which are the core components of BRRRR.Considerations: - Budget Overrun: Being $27K over budget highlights the importance of tighter cost estimates and contingencies.
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10 January 2025 | 12 replies
I'm not saying the tools aren't good, but I am saying that I like to be able to replicate results independently.
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6 January 2025 | 0 replies
The thoughtful renovation and smart pricing strategy attracted buyers quickly, resulting in a solid return for both Partner Driven and Seth Choate.
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3 January 2025 | 1 reply
This successful flip showcased the power of strategic upgrades and partnership, resulting in a solid return on investment.
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4 January 2025 | 5 replies
Misjudged the job cost (contractor error, usually results in asking for more money)2.
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28 December 2024 | 11 replies
Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!
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5 February 2025 | 69 replies
Dirt compaction results were submitted to the city in Jan 2023.