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21 November 2024 | 23 replies
I'm married, have three kids, and I live in an upper-middle class type suburb with the lawn and the white picket fence and it costs so much these days to keep a family there, it makes me worry about the future for my kids.
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20 November 2024 | 13 replies
.$100k for a 2/2 is high for the City of Detroit, unless at least Class B.So, you should take time to understand the NEIGHBORHOODS in the City of Detroit.You might want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider: https://www.biggerpockets.com/member-blogs/3094/99854-deep-dive-into-metro-detroit-cities-ecorseContact us with any other questions:)
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24 November 2024 | 10 replies
This would mean your class of tenant causes more damage than expected, or hail destroys your roof *every 5 years* or something similar.
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19 November 2024 | 5 replies
I also recommend you discuss this with your tax advisor.There are many other alternative asset classes to invest SDIRA funds into.
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16 November 2024 | 9 replies
Do not use prefab in B+ or above class (and maybe not b class if owner occupying) For cabinets look at better cabinets and granite or h cabinets.
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19 November 2024 | 23 replies
The forums are full of self-managing landlords who make little mistakes that turn into big mistakes that cost them years of cash flow (or more).If you want to be a DIY landlord, I recommend books, blogs, classes, or other resources to educate yourself quickly.
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16 November 2024 | 6 replies
Here are some examples- 3/2 in class a rents for $6k in my market. 3/2 in class c- rents for as low as $2.5k.
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21 November 2024 | 11 replies
They charge 15K for their 1 year support - a. the reality of this support : yes, they will respond to your questions but only if they are to understand how things work - like a real estate 101 class.
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19 November 2024 | 10 replies
You can exchange 1 property into multiple properties in locations and any asset class (farm, office, single family, multifamily).
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18 November 2024 | 8 replies
The Trustee of the REIT can buy and sell properties within the REIT without triggering a capital gain event to you as the investor, however, this flexibility also allows the operators to potentially add properties to your investment portfolio that may expose you to risks or asset classes you were previously unaware of.There are a couple of sponsors I am aware of that carve individual properties out of the REIT, into a DST, then pull them back into the REIT at a significant mark-up to the DST investor.