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8 July 2024 | 7 replies
It is filled with resources and a plethora of knowledgeThanks for joining.I wish you all the best in your real estate journey.
9 July 2024 | 1 reply
Hey BP family,I am new to real estate investing but would love some experts insights so I don't get burned on my first dealThis is the property: https://www.zillow.com/homedetails/724-N-22nd-Ave-Bozeman-MT...My thoughts are my wife, 8 month old and I could live in Unit A for a year or two while we rent out Units B & C to help cover the mortgage payments until we build/buy a more desirable family ranch home with min 10+ acres which we've been looking for but have yet to find.My hesitation is I've never been a landlord and am reluctant to get in over my head with property problems while simultaneously growing an online business and being a new father.After some negotiation we counter offered 895k with a 2-1 rate buy down for 20k and the sellers have verbally accepted but since our offer expired we need to resubmit.
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10 July 2024 | 10 replies
Not everyone offers STR insurance.
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9 July 2024 | 11 replies
I like your idea of offering something that others don't have, for example, office space.
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10 July 2024 | 11 replies
That you wisely build in the costs for replacement linens and towels (also offer black face towels), possibly don't use high-end top-down shades in the Bunk Room (although those black out shades match all the shades in the rest of the house and it's a high-end property), chalk can be brushed, semi-gloss on walls for easier clean-up... and yes, there are clear check-out directions to run the dishwasher provided via an online guest book, a physical guest book, and an email I send regarding check-out the day before they check-out.
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8 July 2024 | 11 replies
I'm in the Metro Detroit market as well and would be happy to network and share resources if you would like to connect.Multi Family with little work is a tough one but not impossible.
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10 July 2024 | 32 replies
It tends to be the sweet spot in Detroit today because it offers the best risk-adjusted cash flow.
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10 July 2024 | 6 replies
This might help you get a bit of breathing room to address the bigger maintenance issues you mentioned, like the garage roof and leaning trees.It’s also important to find a support system, whether it’s other landlords who understand what you’re going through or a mentor who can offer advice and encouragement.
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8 July 2024 | 5 replies
I will definitely make the most out of this resource.
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10 July 2024 | 11 replies
Then afterwards we make a plan based on potentially necessary renovations and decide together if I should make an offer.