Hi, wanted to get opinions on monthly spend for marketing/leads… thinking about hiring a company who provides warm leads, but wanted to get an idea of what realistic monthly spend is for it.Thanks!

It’s a market that’s been growing steadily, and I’ve learned quite a bit about the pros and cons of investing in new builds versus existing properties.

.$100k is enough to do BRRRR's in the Detroit market.

Conventional lending has 2 reasons they want a borrowers loan to be ___% less than estimated market value.

However, but is it market to enter into an agreement with a property manager on just a lease transaction?

It was a seller direct off market.

Hello Ilya,Where are you looking at purchasing your 1st property.When converting a property from a single family to a multi family, you will need to check on the zoning requirements, depending on your location, not every location has zoning.As far as lending goes, it is far easier to finance a single family up to a quadplex, than financing 5 plus units, the DSCR Market for 5+ units is extremely low right now, and there are few if any lenders in that space.For financing 1-4 units, there are Millions of dollars chasing those loans, so you can easily obtain long term financing, at rates between 5-7%.Please reach out if you have a property identified, and I can help you with financing options.

Should I just go back to getting the property rented out completely and then market it for sale?

>Understand the cost/value of completing an ADU projectIn my market ADU additions in single family zoned areas are getting valuations far below the hands off cost of the ADU addition.  

It involves identifying potential risks that could impact the sponsor's performance, such as market, operational, and financial risks.