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4 March 2024 | 30 replies
Most applicants never responded or responded that rent was too much...that they were looking at $500 - $800 a month everything included.
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2 March 2024 | 10 replies
If those rules include interest rates at specific amounts, I will still find a way to win.
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3 March 2024 | 1 reply
In this example, I didn’t include any CapEx costs and the loan is 75% of the value.LTCWith a LTC structure, the lender is willing to lend funds as a percentage of the underlying asset’s purchase price plus renovation/repair costs (project cost).LTC financing is generally viewed as favorable for the borrower albeit, riskier, due to higher leverage, less debt service coverage, and renovation risk in the form of underbudgeting.LTC = Loan Amount / Project CostsMost often, lenders are willing to offer LTC terms structured as a bridge loans.
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3 March 2024 | 1 reply
Once it's approved, a sheriff will serve the eviction notice to the tenant, and the paperwork will include the date and details for the eviction proceedings.If you prefer to use a professional eviction service feel free to DM me for a few references.
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3 March 2024 | 5 replies
Particularly be sure to include your goals for real estate investing so that folks can help you. 2) Follow your favorite forum topics and set up keyword alerts!
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4 March 2024 | 31 replies
Folks - old Thread but typically what % do you expect annually for property management including some break/fix costs.
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3 March 2024 | 1 reply
Hope BP'ers can share their experience and point out if I need to expand my research scope to include other funds besides the list below.
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5 March 2024 | 28 replies
$2.5B New Center by Henry Ford Health, Pistons owner and Michigan State Universityhttps://www.clickondetroit.com/news/local/2023/02/08/incredible-investment-in-our-city-25b-detroit-neighborhood-redevelopment-to-begin-in-2024/$1.5B Investment, 12,000 temp jobs, 6,000 New Jobs: District Detroit Developmenthttps://www.detroitnews.com/story/business/2022/11/15/district-detroit-1-5b-development-to-include-housing-retail-hotels/69649853007/$1.4B Total as Hotel Added to Hudson Sitehttps://www.detroitnews.com/story/business/2023/11/02/hudsons-site-hotel-plans-move-ahead-as-city-issues-permit/71426631007/$439M Gilbert Foundation investment in Detroithttps://www.henryfordmsu.org/news/september-2023/gilbert-family-foundation-announces-nick-gilbert-neurofibromatosis-research-institute$400M Investment, 517 New Jobs: Norway’s Nel Hydronhttps://businessfacilities.com/nel-hydrogen-will-build-400m-gigafactory-in-southeast-michigan#:~:text=In%20Southeast%20Michigan-,Nel%20Hydrogen%20Will%20Build%20%24400M%20Gigafactory%20In%20Southeast%20Michigan,green%20hydrogen%20using%20electrolyzer%20technology.$300M Huntington Place Renovations & New Detroit Hotel https://www.crainsdetroit.com/real-estate/huntington-place-renovations-new-hotel-deal-reached$200M Chase Investment in Detroithttps://www.axios.com/2023/09/28/detroit-rebound-jp-morgan-investment$44M Investment, 237 New Jobs: Bollinger Motorshttps://michauto.org/bollinger-motors-plans-44m-metro-detroit-investment/$21.5M Investment for Detroit west side Dexter Neighborhoodhttps://www.clickondetroit.com/news/local/2023/11/01/neighborhood-on-detroits-west-side-receives-more-than-215m-in-investments/$20.6M Investment, 186 New Jobs: BorgWarnerhttps://www.crainsdetroit.com/auto-suppliers/borgwarner-invest-206-million-create-186-jobs$11M, 200 New Jobs: Volkswagen Scout Brand Investment in Detroithttps://www.teslarati.com/volkswagen-scout-11-million-detroit-investment/New Detroit Developments to Be Excited Abouthttps://www.metrotimes.com/detroit/15-new-detroit-developments-to-be-excited-about-photos/Slideshow/32734721/327353923International Companies Choose Detroithttps://www.detroitregionalpartnership.com/international-investment-comes-to-detroit-region/6 New Residential Developments in Detroithttps://detroitisit.com/6-new-residential-developments-in-detroit-to-know-about/
3 March 2024 | 9 replies
Thank you for replying.The land cost 200k (3 lots) and it includes a house that needed some rehab, which is now done and I have a tenant lined up for $1600/month.
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4 March 2024 | 14 replies
This way, you may learn the ropes and obtain practical experience without taking unnecessary risks.Examine many approaches to real estate investing, including wholesaling, home hacking, BRRRR (Buy, Rehab, Rent, Refinance, Repeat), and long-term rentals.