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6 January 2025 | 5 replies
It’s above average condition in a good location.
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11 January 2025 | 49 replies
I say calculated because we are still within our first year of operations so I wouldn't be able to tell you what the actual average stabilized returns are until I have enough data.
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7 January 2025 | 11 replies
I haven't determined my price point yet as I'm still researching hard money lending and DSCR loan products.
2 January 2025 | 11 replies
If they are not aligned then simply keep looking till you find one that is.I would look up NARPM and start with them..Below are some questions I would think would be a good starting point for you to see who really treats their company like a business or a hobby.My business partner is a regional VP for NARPM and I am happy to help if you need anything please reach outQuestions to Ask prospective management companiesWhat are your average days on market for vacant homes?
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9 January 2025 | 18 replies
I ask because most who write similar posts on BiggerPockets are unable and I am sorry but "A unique blend of benefits that are favorable for R.E investors who are sole proprietors" sounds like something a fear mongering asset protection company will tell you before upselling the expensive and unnecessary asset protection product.
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8 January 2025 | 34 replies
Cleveland currently has one of the lowest price/rent ratios in the Nation, with the average home price being $107k and the average rent being $1,416/Mo.
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9 January 2025 | 18 replies
Milwaukee is still one of the hottest markets in the US, we see on average offers at 102% of list price, so understanding fair market value is key.And then of course you have the fact that most deals are negotiated by agents.
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3 January 2025 | 11 replies
those with score averages between about 625 and 685 have issues, but generally are manageable.
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21 January 2025 | 35 replies
@Ed Lopez our thoughts:1) $65 is average hourly rate for handyman in Metro Detroit.
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2 January 2025 | 12 replies
You are likely overpaying by $5,000.Broker fee of $3,000 and Processing Fees of $2,000 seem out of place...but then again, i never used a broker to get a loan so I am not sure about that.If the broker was able to get you an interest rate or loan product that you wouldn't be able to find on the open market...its high, but likely fair.if you are getting a loan product that you could have gotten by going to a normal bank...seems high and unnecessary.