29 December 2024 | 9 replies
Ask them if you deposit say $250k with them as MM or CD with them having control over it.
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24 December 2024 | 10 replies
All major flippers in town have heavily compressed ARV to accommodate for the potential of the downward slide to continue.
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10 January 2025 | 67 replies
Plus you have no control when they do an exit, and you’re paying fees all over again to re enter into a new DST.
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23 December 2024 | 4 replies
I recommend you find a way to give these animals away before you lose control and end up on a reality TV show.
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2 January 2025 | 36 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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15 January 2025 | 34 replies
I called every bank in my town (9 I believe) and got one financial officer to admit this is exactly how this works.
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23 January 2025 | 56 replies
They all said the original contractor’s work had been fine—even the tiling was far better than what the 2ndcontractor did as a redo.I heard later that Joey, the 2nd contractor was spreading it around town the reason he hadn’t finished my job was because I was slowing things down by changing everything and, also, that I owed him a lot of money.
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30 December 2024 | 89 replies
These are just a few things that could happen.The Arbitrage person is not the owner of the property therefore has limited control over possible outcomes that may or may not happen.These are just the facts.
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25 December 2024 | 1 reply
This would be a large residential development in a rural town with a great location.
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25 December 2024 | 12 replies
I am worried about having an intermediary taking control of my property and renting to tenants I haven't screened.