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4 October 2024 | 29 replies
Nobody can safely and legitimately sell tradelines better and quicker than these guys, nobody pays more to do it, and nobody has a 100% commission referral program for each card uploaded by any/all new sellers you refer - without limit.I'm extremely experienced in this and although I've been through a couple growing pains with GFS they've ironed out nearly every issue and went fully transparent with their payment schedule and their system to prove that they will not manipulate pricing based on individual customers.
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2 October 2024 | 11 replies
Hi Petya, DSCR loans are extremely polular with investors in the Detroit market.
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1 October 2024 | 8 replies
And the 30% ratio does not work well in extremely low income area, you need to assess closer to 20 or 25% of income.
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2 October 2024 | 48 replies
That is extreme.
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29 September 2024 | 9 replies
Tenanted properties are extremely challenging to sell and the recent change in notice period has made that worse in BC.You are in a tough spot either way, only you know your financial situation and your numbers.
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30 September 2024 | 19 replies
And the price to enter is extremely low compared to other markets in the U.S
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1 October 2024 | 12 replies
Education is extremely important.
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30 September 2024 | 10 replies
Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!
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1 October 2024 | 2 replies
Overall we have vastly more “good” tenants, and the law allows you to get rid of the bad tenants and maintain a desirable place to live for the good tenants who you want to keep.High-maintenance <=> High-Return: Those prior two points drive what I meant when I said the cash flows and NOI should be about double what they are on a “vanilla” MF (multi-family) purchase at the same price point, but it can be a high-maintenance proposition to manage the screening on the front end, the day-to-day management issues, the more frequent turnover and vacancies, and the frequency of needed court filings to get the keys back from a tenant when somebody is not being a good neighbor to your other tenants in the lodging house.Bottom line: We think we were right on point five years ago when we identified that SROs fill a critical niche that is in extremely high demand.
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29 September 2024 | 11 replies
First of all - most people (including real estate investors) are lazy and will always gravitate towards promises of quick returns / passive income promises.But also - what you are describing is something that AirDNA does extremely well and automated - it can be a little pricy, but way way more effective and accurate to do this with that tool - highly recommended