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20 March 2024 | 7 replies
While most municipalities do not possess an interative map as easy to use, once you famiarlize yourself with the base zoning districts that allow the 2-4 unit buildings, relying on the local zoning maps will help direct you to the specific areas within the municipality that possesses the proper zoning.
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19 March 2024 | 9 replies
In our experience, 90%+ of those that don't (at least in Detroit market) are newbies that have no idea how to properly price a deal or do the proper paperwork.
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20 March 2024 | 16 replies
In my area, if landlord does not provide the itemized statement within proper time frame, the tenant has right to their full security deposit back, even if they caused damages, so I would make sure I followed proper procedure to protect myself.
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21 March 2024 | 1 reply
Subject to the Mortgage.
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20 March 2024 | 6 replies
The property has appreciated 10-13% over the past 4 years (2-3% annually).30 year mortgage at 2.75.
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20 March 2024 | 3 replies
I was told that “Due to my Mortgage Credit Score being 660ish.
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19 March 2024 | 10 replies
If you- own a short term rental in your name- have a mortgage on that property - self manage Do you still create a LLC to manage your rental business or do you manage it under your name and then file income and expenses as part of your tax filing?
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20 March 2024 | 10 replies
Two more reasons to stick with individual mortgages:* Liquidity requirements - Let's say you have 3 properties with monthly mortgage payments of $5,000 each.
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20 March 2024 | 4 replies
If the opportunity arises later on, treat it like any other tenant situation and conduct proper screening procedures.Best of luck to you!
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20 March 2024 | 14 replies
Do you have experience to properly budget the time and expenses that come along with a rehab3.