Then I take the one that will hit my financial goal and I use that as my rule of thumb.

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.Here’s our OPINION for the Metro Detroit market (always verify each area for yourself!)

How long it takes to be financially ready is different for everyone.

The profit piece will vary based on the individual investor but should be representative of the amount of work and risk it will take to execute on the strategy. 

I guess even though the numbers dont make sense I want to give my kids a place to live when I am gone and a rental a piece as they get nothing until there 30 from my parents trust if, I am gone It might mean putting my private residence up for grabs to get deal done or just invest somewhere else and she told me to write a business plan as to what I want to do she said she will get a financial planner and go over my business plan. 

I don't know if I should give up that control and the financial side of my business.

I have found a number of helpful individuals in this community.

Make sure that in your financial machinations you account for the potential damages the tenant will be entitled to.

As you investigate your options in real estate, keep the following tips and ideas in mind:Determine Your Real Estate ObjectivesMake Use of Your Construction SkillsExamine Various ApproachesMaintain Your Mentorship LearningThink about short-term rentals and AirbnbCreate a Network and Look Into Local Real Estate MarketsSpread Out Your Investments Financial PlanningRemain FlexibleRemember, your hunger for learning and willingness to think outside the box are powerful assets in real estate.

Consult with a mortgage broker to assess your specific financial situation and find the most suitable loan option.Since you have $50,000 in equity in your current residence, refinancing could be a way to access this equity and use it as a down payment for the new duplex.