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3 December 2024 | 2 replies
I'd love to utilize their expertise when assessing a property since they are local but I'm not sure what the general expectation is when I don't have a tangible property and I have not entered into contract to work with them yet.Some questions I have are: local regulations/permitting timeline, property's potential from their perspective, landscaping/amenities cost estimate (they also help facilitate this).
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4 December 2024 | 17 replies
What are the expenses (taxes, who pays utilities, etc)?
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2 December 2024 | 9 replies
(prorating utilities by tenant head count for instance).Â
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4 December 2024 | 16 replies
I am a fan of utilizing equity in existing real estate owned to build the rental portfolio though at the beginning, rather than just relying on money saved alone. Â
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5 December 2024 | 37 replies
You can gear up real estate portfolio to earn about $325k/yr or more earning double digit returns.
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2 December 2024 | 35 replies
If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 5-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.
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30 November 2024 | 3 replies
They can take care of a lot of the monotonous tasks, and even do things like send leases, screen tenants, add rent charges, pay utility bills, the list goes on.Â
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2 December 2024 | 7 replies
Vacancy: 3 weeks every 2 years + utilities Make ready expenses: from $1000 to $5000 depending on house needs Â
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6 December 2024 | 34 replies
I have had nothing but problems utilizing their system.Â
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6 December 2024 | 25 replies
Add utilities, lawn and pool care $800-1000.