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20 February 2024 | 11 replies
The compensation you outlined in the post sounds reasonable, but you'll need to talk with the broker since from my understanding they would have the final say.
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19 February 2024 | 8 replies
@John Kim there's a lot of truth in what @Greg Scott writes.We manage almost 700 doors, almost 100 of them being S8.The biggest mistake we see investors make is not understanding the Class of property they are investing in and not adjusting their ROI equations correspondingly.My manager Drew owns several rentals in the City of Detroit that we also manage.
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20 February 2024 | 15 replies
Calculating potential rental cash flow involves considering factors such as property taxes, maintenance costs, and potential rental income.Consultation with a local real estate expert can provide insights into market trends and help you navigate the specifics of converting your home to a rental property.Additionally, understanding the current market value of your property will contribute to a more accurate assessment of potential equity gains in the future.Hope this helps!
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20 February 2024 | 10 replies
Understand the relationship between cheap, inexpensive properties in crappy neighborhoods that are so attractive to new investors because of their affordability and the poor quality of tenants that such properties bring who can damage your property and stop paying rent turning your paper profits into losses.
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19 February 2024 | 6 replies
I told her to incorporate that into the loan repaid amount, and she immediately did and asked for my ID and bank statementsNow most lenders do 80% financing with a 20% down payment, which at that point, I understand why there's an upfront cost.But if this is a 100% financing agreement, why are they asking me for anything upfront?
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20 February 2024 | 71 replies
Any details would help us understand how booking.com works with claims...
19 February 2024 | 15 replies
I understand that I will have to disclose that I am licensed to the seller/agent/buyer.
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19 February 2024 | 4 replies
It's always great to see people taking control of their financial future and working towards their goals.I understand how frustrating it can be to work with an agent who does not have your best interest in mind.
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19 February 2024 | 32 replies
I understand using a PM with a LTR. 7-9% is much easier to absorb and worth the cost vs an average of 30% on a STR depending on where you buy.I am not sure about the 99% comment.