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.
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8 February 2024 | 16 replies
Just based off of the rental income of the property
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8 February 2024 | 30 replies
@Emil Pinlac - we're based on the Bay Area so prices may be a bit lower in Sacramento but we've done a few projects in a similar price range as @Whitney Hill mentions - $150-200K of project costs for ADUs ranging from 500-750 sq ft.
8 February 2024 | 2 replies
We fund with a combination of Hard Money and Private Money.Hard Money will provide financing for 90% of the purchase price and cover 100% of the rehabilitation costs based on a draw schedule.
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8 February 2024 | 7 replies
There are so many reasons to why people would buy a house that are emotionally based and this might apply for this situation.
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8 February 2024 | 20 replies
@Dmitriy do you know how to filter memeber based on the region ?
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8 February 2024 | 18 replies
Quote from @Joshua Posada: Im open to other areas.What do you have in mindI'm based out of the Pittsburgh area would you consider Pittsburgh?
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7 February 2024 | 40 replies
Honestly, I thought I would go ahead and start with Columbus market and based on some of the data that I have seen it made sense.
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7 February 2024 | 1 reply
Looking to refi based on the value after rehab based on rental income/cashflow (expecting it to be around $200-210k value) Aiming for $150k loan for paying off current mortgage and covering remodel/rehab costs on my propertyIs this doable without a significant down payment?
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8 February 2024 | 2 replies
An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provide support for the property tax appeals process.