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22 April 2024 | 22 replies
I’m in Rochester, MI.I do have an acquaintance that was doing flips in Detroit and is now building a portfolio of long term rentals in Detroit.
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22 April 2024 | 6 replies
Then like others said start to save as much as you can to build funds up in the background.
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23 April 2024 | 14 replies
Watch out for build-up of humidity.
21 April 2024 | 5 replies
@Barb Knowles If you're just starting out, you may want to build up more cash before you start buying and holding if funds are low.
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22 April 2024 | 2 replies
Poor Property Condition: Dilapidated buildings or signs of neglect indicate potential costly repairs and maintenance down the line.
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22 April 2024 | 10 replies
It only takes 2-3 nice buildings on a block to make an impact.
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22 April 2024 | 9 replies
If you’re not able to find a PM or cohost you could always build the team yourself while still living in the area and set up the operations to be fairly automated.
22 April 2024 | 6 replies
My cost basis was originally 202K for the building plus about 30K improvements.
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22 April 2024 | 8 replies
If anything is left, start building a fund for your next investment.Many people make the mistake of paying off credit cards, student loans, or other debts and then building new debts.