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28 January 2025 | 27 replies
I get a good laugh when I read new investors post about buying C/D neighborhood assets liabilities and announce to the world how well they perform in the first few years focused solely on cash flow.
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12 January 2025 | 4 replies
C & D neighborhoods in an around Cleveland would probably be what you want to do.
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15 January 2025 | 8 replies
I doubt many tech workers are located in that neighborhood.
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9 January 2025 | 10 replies
@Mattin Hosh first, most cities in Metro Detroit have some type of rental property inspection every 2-3 years.It's not really a big deal 99% of the time - especially for owners who are NOT slumlords:)Also, a quick Google search will show that several states/cities are passing/considering similar legislation.One of the biggest mistakes we see newer investors making is NOT properly understanding Neighborhood/Property/Tenant Classes and naively assuming that any rental they buy will deliver Class A results.Read our copy & paste thoughts below and DM us if you'd like to dicuss more about the Detroit market:)-------------------------------------------------------------------------------------------------------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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13 January 2025 | 8 replies
I did that out of necessity with my first 2 houses and was able to buy in a nicer neighborhood than I could actually afford because they weren't updated.
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11 January 2025 | 15 replies
no one killed that we know of so far but several injuries and a few neighborhoods hit pretty badly.
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7 January 2025 | 19 replies
.: I invest out of state in C-class neighborhoods in the Midwest.
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9 February 2025 | 36 replies
A few days ago I found out about this article so it looks like a tenant is suing the property management we used as the my partners. https://www.kxxv.com/news/local-news/in-your-neighborhood/mc...
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17 February 2025 | 61 replies
Contract negotiation/formulation, title company coordination, pulling comparable sales reports from their local Multiple Listing Service, rent estimation (if a rental property), neighborhood information (more important for out of state investors), and an honest/informed second opinion.
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11 January 2025 | 15 replies
Feel free to inquire about their staff qualifications if it's a larger organization.2.