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3 May 2024 | 5 replies
My plan is to purchase single family homes and rent them out using the BRRRR method.
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3 May 2024 | 10 replies
(Most homes have been turned into str) The zoning should be changed by the end of the month.Our plans is to build 34 2/1s, 5 2/2s and 5 1/1 loft style apartments.
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4 May 2024 | 23 replies
@Oliver Martinez you could have used the "@name" format to include everyone you wanted to reach out to on a single response, instead of entering 6 copies of the same message:)Unless you plan to live in the property (owner-occupied) you will typically need at least 20-25% down to get a mortgage - unless you find a private investor to fund your acquisition.Also, as you've found, most of these lenders have minimum loan amounts of $75k-$100k.Unless you are a VERY experienced investor, we don't recommend buying rentals in the City of Detroit under $80k.
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3 May 2024 | 11 replies
Our team has been quite satisfied with its capabilities for long-term rentals.As we look to the future, we're planning to expand into the Short-Term Rental (STR) market within the next few months.
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3 May 2024 | 2 replies
Been thinking about this question a lot as I work with many real estate investors and I plan to be one myself.
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2 May 2024 | 18 replies
When you are screening tenants, never take what they say at face value; make sure they can back up their words with documentation.
3 May 2024 | 3 replies
I am planning on selling the property i own with my LLC and doing a 1031 to purchase another property.
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30 April 2024 | 21 replies
I do a lot there outside my own investing and am tentatively planning another trip in June.
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3 May 2024 | 9 replies
I always have family and friends giving me negatives like " what is it doesn't rent" or who is going to "pay that much for rent" or "what if the tenant burns the house down" are these realistic situations and how do I prepare and understand to to come back if anything like this happens how do I plan ahead.3. should I go for a newer house with little to no rehab for 415,000 or something like 350,000 with like 10-20 in rehab?
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3 May 2024 | 18 replies
Even if you don't plan on doing this method yourself I still recommend reading David Greene's BRRRR book.Welcome to the forum!