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6 February 2025 | 12 replies
The stabilized properties operate fine without me but the development side of the business requires me 24/7.
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9 February 2025 | 10 replies
To maximize your investment, use financing options like FHA or conventional loans, analyze deals based on cash flow and cap rates, and network with local investors through REI meetups and BiggerPockets.Good luck!
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25 February 2025 | 16 replies
.$847 in the bank699 Credit Score133% revolving utilization/over the limit maxed out personal credit cardsQuite a bit of other high interest debt/loans borrowed during the first year in business$3,580,000 Appraised Portfolio Valuation$2,139,400 DSCR Mortgage Debt in my LLCs$1,440,600 Equity (Appraised Value-Mortgage debt)8 Remodeled SFRs1 Converted Remodeled Duplex2 SFR Remodels currently in process2 Apartment Buildings - 13/14 units occupiedA little more experience to say the least234 Audible books in my libraryAs I'm sure any experienced investor can gather, having the sizable amount of personal debt as I do, supplier house account payments due, PMLs that need to be paid, etc, not having liquidity/any money in the bank is an ISSUE.
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16 February 2025 | 2 replies
I'm from the Southern, MI area and I am also building my real estate media business, Elicit Real Estate Media Co.
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15 February 2025 | 1 reply
The property was an off market sale, sourced through a local Realtor contact of mine.
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8 February 2025 | 10 replies
All the other real estate in my businesses are counted as assets minus the debt liabilities for net worth purposes and the business income that comes to me is counted as part of my personal income.
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24 February 2025 | 4 replies
Just be sure to check local laws on utility billing in Michigan before implementing anything, because this may not even be an option.
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6 February 2025 | 6 replies
Hoping to find a local community to get involved with, maybe through Bigger Pockets.
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4 February 2025 | 6 replies
I'd check local STR FB groups and see if you have a local Real Estate Club.You can offer your services there, maybe for free in exchange for the experience.
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16 February 2025 | 4 replies
The house sits near a freeway junction and a busy street, and while my previous rental was also close to the freeway, something about this home's elevation makes the noise unbearablyintrusive.