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19 December 2024 | 13 replies
True, Republicans in 2025 will control the White House and both chambers of Congress.You can easily Google how the legislative process works or just trust my Cliff Note: having a simple majority usually does NOT assure that Congress passes any bill, including tax bills.
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20 December 2024 | 3 replies
The ground floor has gas hookups for a gas oven and that floor has its own gas range/oven and kitchen which is also controlled by a ground floor sub-panel also with access to the backyard and to a lower cellar area where they have their own washer dryer and storage area.
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19 December 2024 | 5 replies
This will reduce your monthly cash flow from the property, impacting your ROI.Break It Down with a Calculator:While BiggerPockets calculators are fantastic for many scenarios, they don't currently allow you to input multiple simultaneous loans (e.g., mortgage + hard money).
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12 January 2025 | 185 replies
talking to the Bank its going to be far and few between that the mortgages these folks are taking sub to is still owned or controlled by the "Bank" the loans were sold within months of origination and maybe MERS has it ( sliced and diced) and for sure your dealing with a servicer.. who is not going to negotiate one bit.. now if you happen to have a sub to with a portfolio lender and you can actually talk to someone who is a decision maker thats different but I submit those loans will be a small fraction of the deals being done.
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18 December 2024 | 2 replies
I always enjoy learning about other markets, and this post gives a fantastic blend of data and local insights that really paint a full picture.The real estate stats are particularly interesting.
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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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23 December 2024 | 24 replies
In fact, these loans are fantastic for homes that do not pass the appriasal!
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28 December 2024 | 8 replies
This control over contact, is apart of manipulation and abuse.I may be a kind person, I do consider myself to be somewhat of an empath as when I am dealing with confrontation or a disagreement I always try to put myself in the other persons shoes.
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18 December 2024 | 6 replies
Andy Sirkin (fantastic legal team from SF) has a library of free online articles and a set of agreements to purchase, to help you on your way to become a Subject Mater Expert. https://andysirkin.com/article...Elizabeth and Christina (The Rental Girls) have done a great job pioneering the shared ownership (TIC's) model in Southern CA.
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21 December 2024 | 14 replies
if you allow the use of it I would mention something in your contract that the tenant is responsible to manage a controlled safe fire or something along those lines.