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29 December 2024 | 24 replies
My "day job" is in digital marketing (corporate, not "influencer"), so that tends to be my sandbox ;-) Thanks John!
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2 January 2025 | 29 replies
AHP Servicing LLCAllied ServicingAngel Oak Evergreen Note ServicingFay Servicing LLCFCI Lender ServicesLand Home FinancialMadison Management Services, LLC National Asset Mortgage, LLCNote Servicing CenterHome Key ServicingMIGSuperior Loan ServiceingAllied Servicing CorporationUnited Home Loan Services Inc.
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18 December 2024 | 4 replies
We see a lot of success in the suburbs: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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20 December 2024 | 6 replies
People can remotely access the homes using your digital lockboxes, if you have them.
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13 January 2025 | 30 replies
They were selling on pro forma, but the market and the debt market have shifted, and it's aa lot harder to achieve higher pricing with lower rents.We've purchased over 2,000 units, and the simple answer to the question is that they are either mom and pops and run their businesses with ZERO KPIs, they do not want to risk losing tenants if they raise rents, and they don't treat their asset as a business.When you take over, it can be difficult to get rents to market if they are very suppressed.
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24 December 2024 | 9 replies
I've done this with my properties because I'm well known in my small town and don't want people to know what I own.LEGAL PROTECTION: By placing your assets in an LLC, you are legally separating them from your personal assets.
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18 December 2024 | 3 replies
You should be able to get a good feel for their knowledge and expertise through digital resources they provide (webinars, youtube videos, social content) Character - You need to believe they have your best in mind and they prioritize it.
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8 January 2025 | 14 replies
This allows them to get more capital so they can make more loans without having to grow their asset base, while also maintaining their relationship with the customer through monthly payments.
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24 December 2024 | 14 replies
Should I use it for asset management, rent collection, property management, or other roles?
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18 December 2024 | 3 replies
Attractive digital marketing fliers, 3d tours, professional tours, rent specials, and competitive pricing all help too!