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21 January 2025 | 8 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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15 February 2025 | 21 replies
Use search function.People have posted STR calculators on here.
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30 January 2025 | 21 replies
This encourages them to start their search now and (hopefully) leave early so you can turn the unit around and find new tenants sooner.
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21 January 2025 | 11 replies
If you’re looking for steady rental demand and manageable property prices, it’s worth considering.Best of luck with your search!
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1 February 2025 | 56 replies
I believe only a relatively small amount of people attempt liens and notes in the first place.By volume, the most dangerous are OOS BRRRR and OOS flips, especially in cheap and very cheap neighborhoods - well below the median price.
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25 January 2025 | 15 replies
Is this in a residential neighborhood?
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16 January 2025 | 5 replies
You can also find real estate investing groups through meetup.com, Facebook, or a Google search.
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14 January 2025 | 17 replies
Find someone in the neighborhood of your building to help you out.
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2 February 2025 | 20 replies
I shows my what dates people are searching for this year and last year.
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29 December 2024 | 8 replies
@Joseph Gary there are Class B Neighborhoods in Detroit and most of the Ring Cities (suburban cities touching Detroit) are now Class B.We've got it all mapped out @ our website.DM us if you'd like to discuss more:)