
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.

4 May 2024 | 8 replies
Within reason one could include items branded for business marketing.

4 May 2024 | 8 replies
that we’ve learned in our 24 years, managing almost 700 doors across the Metro Detroit area, including almost 100 S8 leases.

3 May 2024 | 2 replies
In the multi-family sector, these expenditures can vary but typically include:1.

4 May 2024 | 10 replies
If you're buying it with the furniture included, you don't pay 100c on the dollar for it either separately.

3 May 2024 | 3 replies
Social media and online marketing - we signed up with our web developer for a service she began offering early last year where you pay a monthly fee for continuous SEO, including updates on social media, etc.

3 May 2024 | 25 replies
It currently rents out at about a $100 cash flow including expenses.
3 May 2024 | 12 replies
To the extent that a price reduction may make a "stale" listing appealing, worry not, you will get those notification emails on auto pilot anyways.Start doing the compare and contrast, maybe make a spreadsheet to evaluate opportunities, play a game of "spot the patterns."

3 May 2024 | 33 replies
Lesson learned on going into business without exit plans, I guess...For reasons out of scope here, I just filed my 2021 taxes and the IRS hit me with a $30k capital gains bill (not including interest or penalties).

3 May 2024 | 1 reply
I have my core 4 team including an experienced broker, but what I do not have is the tried & true advice of investors who have done this before.