23 February 2024 | 2 replies
We have the same vision, so this is easy for me to just check the progress.

23 February 2024 | 8 replies
As a real estate agent, it's pretty easy to generate homebuyer leads with paid facebook ads.

23 February 2024 | 6 replies
Sorry that it's not as easy as looking on zillow, making offers, and collecting 15%+ returns.
23 February 2024 | 2 replies
For your first project, it is imperative to start with something easy and build up the complexity of the deal as time goes on.

23 February 2024 | 7 replies
It’s fairly easy.

23 February 2024 | 5 replies
@Josh Thomas most cities in Metro Detroit got so tired of OOS investors flaunting the rules via LLCs, as you are suggesting, that they now require someone to be liable that lives within 25 miles of the property - usually a person at a PMC.Most duplexes have a side door that both tenants can use to access basement.

23 February 2024 | 3 replies
I will share my "Most Expensive Lesson" in the comments.To kick things off, here are ten examples of expensive lessons or mistakes in real estate investing:Underestimated Repairs: The classic pitfall where the cost of repairs and renovations far exceeds initial estimates, impacting the overall budget and profitability.Tax Liens: Failing to account for or being unaware of existing tax liens on a property can result in unexpected financial burdens.Contractor Liens: Not settling payments or disputes with contractors can lead to liens against your property, complicating sales or refinancing.HOA Fines: Overlooking or violating Homeowners Association (HOA) rules can lead to significant fines and headaches.Bad Loan Products: Opting for loan products without fully understanding their terms can lead to unfavorable financial conditions, such as higher interest rates or unfavorable repayment terms.Ignoring Zoning Laws: Investing in a property without a clear understanding of local zoning laws may restrict its use, affecting your investment strategy.Overpaying for a Property: Lack of research or getting caught in a bidding war can result in paying much more than the property's worth.Neglecting Due Diligence: Skipping thorough inspections and background checks can uncover unpleasant surprises after the purchase is finalized.Poor Tenant Screening: Failing to properly screen tenants can lead to unpaid rent, property damage, and costly evictions.Underestimating Market Risk: Not considering market fluctuations can lead to investments that don't pay off as expected, especially in volatile or declining markets.We've all been there in one way or another, facing setbacks that seemed daunting at the time.

23 February 2024 | 6 replies
One more violation will result in termination of their rental agreement.Study roommate agreements and strengthen your rules.
23 February 2024 | 8 replies
No easy answer here.I bring up selling outright because everybody jumps to 1031.