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21 October 2024 | 1 reply
Final appraiser remembered that when comps for exact property type do not exist they can opt to value as a SFH and justify value.
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21 October 2024 | 2 replies
.; (6) if none of those intermediate descendents are alive the remaining half can go to the spouse of less than three years or to a predeceased spouse’s heirs; (7) finally, if none of these apply, all the property escheats to the county where the decedent died.
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20 October 2024 | 3 replies
Finally a major catastrophy happened and a water pipe burst causing major flooding.
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22 October 2024 | 7 replies
The city’s investment in infrastructure, new businesses opening up, and revitalization projects have made a real difference in neighborhood quality and overall economic activity.Population Growth: After decades of decline, Detroit's population is finally growing again.
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28 October 2024 | 46 replies
Now theyre seeing much less and it looks to be coming in this year around 220k to 240k depending on the final few months and bookings.That being said, those numbers still work out really well.
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20 October 2024 | 2 replies
I help spend less time searching for deals and more time finalizing deals.
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21 October 2024 | 10 replies
I was finally able to obtain the zoning permit after attending a new hearing before the ZBA in May 2024 and the received the documentation in July (I also don't understand why it took two months to receive the paperwork).
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22 October 2024 | 12 replies
The values listed may not match the total acquisition cost, but the proportionate ratio between the land and improvement values can be applied to the final purchase price for income tax purposes.Commission a full-scope land appraisal: Another option is to commission a full-scope land appraisal.
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20 October 2024 | 6 replies
Assuming the final price is enough for all parties to be satisfied, you'd do a JV agreement with the wholesaler and the realtor would be paid their commission (as opposed to a separate JV).
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19 October 2024 | 6 replies
I’ve been on the hunt for properties and finally found a couple that I’m seriously thinking about making an offer on. 🎉 I’m still finalizing things with my lender, but before I move forward, I want to be 100% sure I’m covering all the key steps.Here’s the checklist I’ve put together so far:Home inspection – to catch any hidden issues.Appraisal – to confirm the property’s value matches the offer.Financing contingency – securing my loan approval without surprises.Title search – ensuring there are no liens or legal issues.Seller disclosures – reviewing any known problems upfront.Neighborhood research – making sure the area fits my investment goals.Are there any crucial steps I’m missing or anything you think I should focus on more?