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24 January 2025 | 6 replies
@Kevin Waymire - the renewal one is easy.
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22 January 2025 | 9 replies
So, if you have 10 units and you are going to pay $1,500 a month and you are working on an active income job, too, this is an easy switch due to the labor mentally and physically (even if it is just phone calls) to get these rentals running as a well-oiled machine.
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6 February 2025 | 42 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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24 January 2025 | 3 replies
I want to hear some stories on how other people got started and how easy/difficult it was.
22 January 2025 | 14 replies
Quote from @Nathan Gesner: ...and the account is closed. easy come easy go
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10 January 2025 | 12 replies
Ok, but I mean is it against the rules?
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28 January 2025 | 13 replies
It’s all about securing the right agreements and understanding the rules.
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21 February 2025 | 102 replies
Makes it very easy to take advantage them:(
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25 January 2025 | 10 replies
It's was so easy for me getting started to get shiny object sindrome instead of locking in ONE STRATEGY, ONE NEIGHBORHOOD, ONE PROPERTY TYPE, ONE RENOVATION TYPE, etc.
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16 January 2025 | 3 replies
It seems like the tenant is being respectful, following the rules, and is not being a problem so I think that is what you would tell any other tenants who ask, as long as you have seen the card.