Zeliang Zheng
Which city should I start my first out-of-state BRRRR
10 March 2023 | 11 replies
Not to mention, rents aren't the highest nor the lowest so you get that sweet middle spot for rent.
Alex Ng
Hidden Gem markets
7 January 2024 | 32 replies
Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: 1%-1.4% rule dealsROI: 10-14%Cash flow: $150-$300/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.
Kyle Curtin
Renting by the bedroom to 2x unrelated tenants in the same unit? Thoughts?
6 October 2023 | 29 replies
We also require the animal be spayed or neutered (to minimize aggressive behavior and prevent an inadvertent puppy mill operation).
Margaret Mirasola
Hi All! I'm a new investor looking for out of state investments (live in NJ)
8 February 2024 | 16 replies
Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: 1%-1.4% rule dealsROI: 10-14%Cash flow: $150-$300/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.
Jae Bok Lee
Out of state(or out of local) Investment Property
19 September 2023 | 15 replies
Happy to send a screen shot of the portfolio to anyone who wants to see, it just won’t allow me to attach pics to a reply.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: 1%-1.4% rule dealsROI: 10-14%Cash flow: $250-$350/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.
Jonathan Leposky
Selecting a Market and Need Help
21 October 2023 | 23 replies
Happy to send a screen shot of the portfolio to anyone who wants to see, it just won’t allow me to attach pics to a reply.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: 1%-1.4% rule dealsROI: 10-14%Cash flow: $250-$350/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.
Paul F.
Too many prospective tenants?
29 September 2023 | 15 replies
.- List your requirements (short and sweet, pass a background check) and phone interview: 2.- Show the house.
Kay H.
Do you have to lie to wholesale?
16 January 2014 | 37 replies
BUT as soon as I hang up with the private money I'm calling every Sub2, Cash, Lease Op, Buy/Hold , etc etc buyer I could think of to deal this puppy.
Michael Plaks
Explained: Tax consequences of K-1 syndications
6 October 2023 | 11 replies
The property is sold for a sweet $20M.
Maurice Bey
Work one market or as many as I can?
27 November 2014 | 2 replies
What are you trying to accomplish,,are you buy and hold or flip, what is the sweet spot for cash flow and appreciation if your buy and hold,,what market do you know best.I focus primarily on 3/2 with a value of $100-$125k, in certain areas of 3 zip codes,,,you need to determine what your trying to do, what the numbers look like in your area