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27 January 2025 | 29 replies
I want them to see the total picture and then keep whittling down to where they get close to say a 5% error rate.
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20 January 2025 | 6 replies
So if you have the property for a total of 10 years, moved in at year 8, little value or tax advantage.
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14 January 2025 | 8 replies
This totally would have been a deal breaker had I known before signing up, but now I'm too far into it to turn back, so I need to make something work.
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14 January 2025 | 9 replies
Nd what housing is currently attracting the highest CoC and total returns potential - studio - 1bd, 2 - 4bd, or 5+bd?
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13 January 2025 | 11 replies
Then over the course of the first year or so, if you could raise the rents by a total of $1k/mo (they are currently $2k, $1k, and $1k), then you might be able to pull out about $60k-$80k in a cash out refi.
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23 February 2025 | 80 replies
But to blame only the leftist - Democrats is totally unfair.
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6 February 2025 | 42 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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16 January 2025 | 5 replies
It can totally be done, even in this market.
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3 February 2025 | 37 replies
I'd do it on a terms deal. 3yr in total.
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29 January 2025 | 31 replies
Any unused funds from the engagement fee are typically credited to the borrower at loan closing, reducing your total cash to close.