Alexandria Garreau
Interest rate increased on rental - I have a few options
1 March 2024 | 26 replies
And even if they agree with the $150 increase you're just breaking even.
Joe R.
Seller Financing for Land Deals
2 March 2024 | 9 replies
by you guys if your including me.. in these private notes we self service.. in institutional notes I believe by law you have to hire a servicer that is licensed to do so.
Caroline Knight
First Property - House Hacking Strategy
1 March 2024 | 14 replies
Given your circumstances, the following advice and considerations apply:Benefit from low interest rates, no down payment required in most situations, and financing for up to four units when you take advantage of the VA loan.A thorough grasp of your budget should include the purchase price of the property as well as any possible maintenance expenses and other related expenses.
Craig Clark
Personal DTI vs Business DTI (Helocs and Refinances)
1 March 2024 | 3 replies
Hi Craig,If you own a majority of the LLC and you are the personal guarantor of the loans, lenders will likely include the LLC owned properties in your DTI calculations.
Michael Keys
My first investment
1 March 2024 | 5 replies
That means your getting back 12k/year, so it will take you 5 years to break even.
Brooke Hallock
Vermont real estate investing
1 March 2024 | 15 replies
Don't do anything in cash however, someone will eventually break in, destroy your machines, and steal the $50 in quarters.
Caleb Ripley
Aspiring Real Estate Investor
2 March 2024 | 9 replies
Here's some info about what's happening in Metro Detroit recently, By the way, no one else is committed enough to gather & share this type of info about their marketplace with supporting proof.Volkswagen Scout Brand investing $11M in Detroit, 200 new jobshttps://www.teslarati.com/volkswagen-scout-11-million-detroit-investment/Hotel Added to Hudson Site, total over $1.4Bhttps://www.detroitnews.com/story/business/2023/11/02/hudsons-site-hotel-plans-move-ahead-as-city-issues-permit/71426631007/Detroit west side Dexter Neighborhood Receives $21.5Mhttps://www.clickondetroit.com/news/local/2023/11/01/neighborhood-on-detroits-west-side-receives-more-than-215m-in-investments/Norway’s Nel Hydron investing $400M, 517 new jobshttps://businessfacilities.com/nel-hydrogen-will-build-400m-gigafactory-in-southeast-michigan#:~:text=In%20Southeast%20Michigan-,Nel%20Hydrogen%20Will%20Build%20%24400M%20Gigafactory%20In%20Southeast%20Michigan,green%20hydrogen%20using%20electrolyzer%20technology.Chase invests $200M in Detroithttps://www.axios.com/2023/09/28/detroit-rebound-jp-morgan-investmentGilbert Foundation invests $439M in Detroithttps://www.henryfordmsu.org/news/september-2023/gilbert-family-foundation-announces-nick-gilbert-neurofibromatosis-research-instituteBollinger Motors investing $44M, 237 new jobshttps://michauto.org/bollinger-motors-plans-44m-metro-detroit-investment/15 New Detroit Developments to Be Excited Abouthttps://www.metrotimes.com/detroit/15-new-detroit-developments-to-be-excited-about-photos/Slideshow/32734721/32735392BorgWarner Investing $20.6M, 186 new jobshttps://www.crainsdetroit.com/auto-suppliers/borgwarner-invest-206-million-create-186-jobs3 International Companies Choose Detroithttps://www.detroitregionalpartnership.com/international-investment-comes-to-detroit-region/District Detroit $1.5B Development, 12,000 temp jobs, 6,000 new jobshttps://www.detroitnews.com/story/business/2022/11/15/district-detroit-1-5b-development-to-include-housing-retail-hotels/69649853007/6 New Residential Developments in Detroithttps://detroitisit.com/6-new-residential-developments-in-detroit-to-know-about/$2.5B New Center by Henry Ford Health, Pistons owner and Michigan State Universityhttps://www.clickondetroit.com/news/local/2023/02/08/incredible-investment-in-our-city-25b-detroit-neighborhood-redevelopment-to-begin-in-2024/$300M Huntington Place Renovations & New Detroit Hotel https://www.crainsdetroit.com/real-estate/huntington-place-renovations-new-hotel-deal-reachedYou'll also want to be careful about falling for the misleading "let me help you by sharing my story" posts of members like Joseph Bui, who are really just trying to entice you to contact them so they can sell you properties.We are very open that we're here to get people interested in our Detroit market to do win-win transactions:)
Darrell Gibson
Pace Morby's Subto Mentorship is the BEST!
4 March 2024 | 71 replies
(Videos, contracts, and help all included and he will send you FSBO leads for your County.)
Alberto Cioni
Change of rent when we build an ADU to replace a small rented garage storage
1 March 2024 | 13 replies
In most jurisdictions when you rent a SFH everything on the lot is included unless specifically excluded in the lease.
Ashley G.
Potentially selling an investment property
1 March 2024 | 4 replies
Purchased for kids future/college fund (maybe relevant maybe not) Mortgage rate is 4.4% currently paying $1149 a month (including taxes/Insurance)Currently rents for $1550 (room for upping rent to $1600+)In the 2 years Ive had it, Ive added a roof(insurance claim),new windows, new bathroom, plumbing.