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6 February 2025 | 58 replies
Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!
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23 January 2025 | 11 replies
Keep detailed records of repairs, improvements, and rental income, and consider working with a CPA specializing in real estate to ensure you're taking full advantage of deductions and strategies like passive losses, home office deductions, or even the Qualified Business Income deduction if applicable.Good luck!
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19 January 2025 | 9 replies
Sit down with a 1032 Accommodator and have them explain the details of a 1031.
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19 January 2025 | 9 replies
I borrowed more money and built a new detail shop; no more crummy landlord!
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20 January 2025 | 23 replies
DSCR loans can be helpful for the rentals you have depending on the details.
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18 January 2025 | 9 replies
Where do you find details on prices, demand, cash flow etc?
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8 February 2025 | 34 replies
For that kind of money you should have detailed knowledge of whatever business you plan to do with it.
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27 January 2025 | 14 replies
To minimize time the property is vacant, have the Realtor coordinate with the existing Tenant for the last 30 days of their occupancy for showings so you have the best possible chance of securing a new Tenant without a break in between.I would love to know some of the details of your property, and do a rental rate check up to confirm you have the right price.
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18 January 2025 | 8 replies
But I would charge the extra 3% to cover my costs.
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22 January 2025 | 16 replies
Every adult must be screened and approved, period.Here's a detailed guide on how to screen applicants: Application Screening Guide