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23 December 2024 | 17 replies
The Cape also in my opinion is oversaturated with STR's so it's challenging to find a base number of how your property will perform.
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19 December 2024 | 4 replies
(@Jonathan Greene DM us if you'd like to chat about them)Regarding turnkey in Metro Detroit, haven't seen anyone do it the right way:( We've picked up dozens of their clients that fire them due to poor tenant performance and nonstop repairs on their "turnkey" properties.
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28 December 2024 | 23 replies
my RE income from my rentals is semi-passive of course... so less active than W2 but more active than dividends or social security.I just dont really see owning rentals as passive to me its active if your going to stay right on top of them and have them perform like you want them to ( this is specfic to owning C class low B class sFRs Not those who might own 100 unit apartments with professional management those are passive as long as they are working good. .
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19 December 2024 | 7 replies
The math says to perform $500 sewer clearing each year instead of $5000 excavation, but the $5k bought peace of mind.
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13 December 2024 | 5 replies
Background: purchased property with inherited tenants. Tenant had bf living with them I made bf sign lease amendment to be on lease. Tenant informed me they would be leaving February first. (M2M Lease)A couple days la...
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30 December 2024 | 24 replies
The only silver lining is this property performance so bad, that it helps offset the gains from my other 10 homes.
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18 December 2024 | 15 replies
I created the following decision tree diagram to illustrate the decision process (click to enlarge).The above decision process is based on the property’s performance record, with the goal of achieving financial freedom in mind.Financial freedom is not just replacing your current income.
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19 December 2024 | 13 replies
I am betting you didn't put this (or the other ones) home on the market to then become the bank for someone who only has a couple thousand down and no credit instead of selling to a verified buyer, right?
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17 December 2024 | 16 replies
I will answer as it relates to traditional BRRRR, in the general case there are additional options. 1) Do not perform maximum cash extract.
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19 December 2024 | 5 replies
I think it’s a great idea for BP to add a second and third loan option on the calculator as with prices and interest rates being higher I bet a lot of people are using these options now.