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23 February 2025 | 10 replies
The main problem with negative cashflow properties is this.
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23 February 2025 | 7 replies
Start by networking at local meetups and connecting with investors, agents, and property managers.
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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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12 January 2025 | 7 replies
@Janine Sharma The decision to classify your onsite mobile home park property manager as a W-2 employee or a 1099 contractor depends on the degree of control you have over their work.
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15 January 2025 | 1 reply
I imagine people who've had 2nd or 3rd houses in hollywood hills are not interested in rebuilding or doing the work. How do I go about finding those who'd rather just collect the insurance money then sell it off at a...
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24 February 2025 | 19 replies
Have any of you ever successfully assumed a VA loan on an investment property?
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24 February 2025 | 10 replies
From owning this property, I have learned so much and overall it has been a great experience!
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25 February 2025 | 9 replies
Quote from @Robin Cornacchio: Can you use a 1031 exchange on a SDIRA owned investment property?
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24 February 2025 | 36 replies
I personally would put my properties in a LLC.