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12 January 2025 | 14 replies
I think I will go find my top favorite bad reviews when time allows.
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6 January 2025 | 77 replies
Quality over quantity. that would be an interesting exercise for BP super computer who has the most votes to post ratio I bet Mike D is right at the top.. then on the inverse you would have the least votes for the most posts those would be those folks that just post the same thing over and over I suspect.
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4 February 2025 | 10 replies
Make sure that you're properly vetting your team members especially your agent that you work with - your investor agent should be looking out for your best interest and should be able to explain why something is a good/bad deal.
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4 February 2025 | 9 replies
But if you only have one rental and you get a bad tenant you are sunk.Read the laws and talk to some mom/pop landlords with decades of experience.
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3 February 2025 | 14 replies
He said he rented a dumpster for this Tuesday but like I said no rent for January and now we are into February, can I change the locks, I want the stuff gone but in a bad situation, he said he will pay me January rent when he gets money, but I'd hate for them to go and take all the valuable stuff and not pay me and leave me the mess, I probably can't hold their stuff hostage, thoughts?
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2 January 2025 | 13 replies
@Rae Chris Ann Arbor is pretty expensive, so difficult to find cashflowing rentals.You may want to look in Ypsilanti - if you want to stay in your area.Otherwise, Metro Detroit offers a LOT of options.Read our copy & paste below for some helpful info:---------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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7 January 2025 | 11 replies
-------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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19 January 2025 | 6 replies
At least run this with good, bad, worst scenarios.
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19 January 2025 | 8 replies
That looks pretty bad for your cash flow.
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9 January 2025 | 2 replies
Sterling,Each lender is different on how they calculate income and also what overlays they have that can cause a bad income calc.