While I’m open to both turn-key and fixer-upper properties, my preference leans slightly toward value-add opportunities where I can improve the property and increase equity or cash flow.That said, I’m also happy to consider turn-key options that provide immediate cash flow if they fit within my investment strategy.

Quote from @Marc Shin: @Keagan Scott on any advice you have to help me increase my bookings would be appreciated! 

@Ketch BaysStarting small in a cash-flowing market is a smart way to gain experience and build confidence without overextending yourself financially.

(Previous rent was $1,300 but we're about to put in a brand new kitchen from the studs, new flooring throughout the house, new furance, adding A/C, etc).So do we just pay for it all upfront and mostly drain all of our savings, or do I let the rent pay for it and utilize our other savings to get a second property this spring/summer to increase our cashflow? 

Target areas with high rental demand, job growth, and population increases to ensure strong occupancy and appreciation.

How do you see this coverage increasing as he scales?

DM us if you'd like more info on the Detroit market - which increased another 20% in 2024!

The tenant base, on average, tends to be rougher on the properties, moves more frequently, and cannot absorb any rent increases.  

@Matt Schreiber you won't find any Class A or B properties that cashflow - whether SFR or MFR.Price & interest rate increases have made it very difficult - unless you find something off-market BEFORE an agent or wholesaler finds it.

I am confident that I will be able to refinance the remaining seller note principle with private money to allow me to hold off on putting more money in the deal.