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22 July 2024 | 1 reply
My business partner and I have full time jobs and have fully funded our first purchase.
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22 July 2024 | 10 replies
I actually moved here from Portland OR and purchased my own rentals - all clean BRRRRs and hit the 1% rule.
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22 July 2024 | 38 replies
The horror stories are people buying too cheap and buying bad houses.Lots of great opportunities in Metro Detroit.LogicalPM can manage.We just heavily recommend not buying the cheapest property or getting tricked by a wholesaler on a $15k “great opportunity”.Just buy the good stuff.Metro Detroit (my rental portfolio is here)Purchase: $80k-$130kRent: $1200-$1500ROI: 10-14%Cash flow: $250-$350/doorAppreciation: Double digit (for past 10 years, will gladly send data)Location: C+, B- (suburbs and certain markets)We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, mortgage, Amazon fulfillment, and more jobs.The bad reputation comes from OOS investors wanting $20k D market properties.
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22 July 2024 | 4 replies
Why do you think purchase contracts are so long and have such small print?
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22 July 2024 | 1 reply
How did you decide on a fair purchase price looking forward a year of two?
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23 July 2024 | 32 replies
FNRP purchased two good size retail strip centers in my local area and put up signs saying it is under their management.
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21 July 2024 | 64 replies
Based on what you said, not any assumption I’m making, all of the expertise in these deals is coming from outside influencers.
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22 July 2024 | 9 replies
I work with The Short Term Shop and they specialize in helping investors purchase and learn to run and manage their str's.
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18 July 2024 | 9 replies
Hi AaronWe moved 5 years back from Beaverton to southern Oregon to get away from Portland influence. 1031ed property to Memphis & land trusted into series LLCs there, all in Memphis area.
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21 July 2024 | 9 replies
It's a win win for everyone.I don't do property managment, we do free tenant placement for all our investor clients that purchase a house with us.Also you can put it on Facebook Market place for more exposure and then redirect them to the zillow link for more information and application process.I hope that helps.Best Regards,Lily Rodriguez - Investor friendly Broker