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30 December 2024 | 18 replies
@John Kim @Travis Biziorek is 100% correct.S8 really isn't difficult, but it's not the answer to everything that the self-proclaimed "gurus" make it out to be.With S8 tenants, you're just trading one set of challenges versus direct paying tenants.When we advertise a rental, we take the best tenant we can find, immaterial of their source of rental funds.You want to be careful investing in the City of Detroit because there are a lot of "crooks" trying to sell you Class D properties dressed up to look like Class C or B.Connect with us or Travis for more info!
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2 January 2025 | 10 replies
That process has direct lender involvement.Where the challenge lies, is when unsophisticated "investors" with no experience, no money and no reserves use creative financing (often called wrap, subto, lease option, seller financing, land contract) to purchase properties and along the way there is a "hiccup".
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3 January 2025 | 4 replies
Real Estate is rewarding, and challenging.
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31 December 2024 | 0 replies
2) How did you structure your first deal, and what challenges did you face?
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7 January 2025 | 27 replies
That said, its a great opportunity for the investor willing to accept the challenge.
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12 January 2025 | 54 replies
Affordability is one of the biggest challenges in today’s housing market.I believe smaller, more dense units are part of the solution:1) Buyers can only afford smaller homes in today’s economy.2) Denser units maximize the land available, increasing housing supply to help offset demand and ultimately bring costs down overall.It’s not just about building more, it’s also about building smarter.What are your thoughts?
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7 January 2025 | 12 replies
That is the biggest challenge I have with my clients.
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30 January 2025 | 19 replies
The increase to expenses has been a challenge.
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2 January 2025 | 3 replies
While I own quite a few rental units already, I thought condos might be a good option to gift to my kids when they turn 18, offering them a safe introduction to property ownership without too much risk.However, my challenge with investment condos is that the cash flow always seems terrible.
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2 January 2025 | 2 replies
Hi everyone, I recently purchased a rental property in a condo managed by an HOA, and I’m dealing with a challenging situation that I’d appreciate advice on.