I actually got caught up in the creative finance bubble of trying to lock up properties way over their value just because it had creative terms not realizing that if you were to buy a property at 120% of its value you will never be able to refi or sell without paying out of pocket.

If the new administration actually enacts their policy stances on tariffs, immigration, trying to ignite the economy even more....all of those things add up to higher inflation.

One would think that a bidder would pay $45,000 in my example (since they are assuming the first mortgage), but they are actually bidding $225,000.

All this is, is a back of the envelope quick tool that gives you a very broad idea of whether or not an investment is actually worth looking further into.

I actually used to live in the area and self-managed all my properties while I was there.

I can’t believe how stupid I was to actually think that because I owned the house outright the town would never sell it on me.

Rob Abasolo, the cohost of BP is actually one of our clients.

We've seen this soooo many times in our Detroit market:(Have actually had owners choose not to do business with us because their previous PMC didn't require it - so, they thought we were the incompetent ones.Have also seen incompetent PMCs wiring funds internationally to owners - and these owners not having an ITIN, EIN or SSN!

While the details are too long for a post, I wanted to see if anyone would be interested or willing to give me some feedback on the actual structure. 

Do not fall for the trap that initial cash flow is any indication of actual cash flow over the hold period.Do accurate and conservative underwriting.