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13 March 2024 | 6 replies
I am looking into REI/meetups in my area and have been listening to the podcasts.
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14 March 2024 | 0 replies
The leads are horrible and I've heard that some agents have had success getting out based on the new lawsuit selling one lead to multiple agents.
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14 March 2024 | 8 replies
It depends on what your starting reserves are, but if you have enough for a down payment, I would look into DSCR loans for financing, as you can qualify based on the property's cash flow as opposed to your own personal income.
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14 March 2024 | 4 replies
I've also built and seen others build a lot of equity in that time.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.
14 March 2024 | 3 replies
can put the property under due diligence and check with the county if its possible to get a variance for the multi and settle based upon that contingency
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13 March 2024 | 2 replies
It wasn't until I landed on the #RealEstateRookie podcast that my mind expanded and the real excitement that came with exploring my new found passion really grew.
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13 March 2024 | 55 replies
Additionally, consider offering valuable insights and resources through blogs, webinars, or podcasts tailored to the investment community.
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14 March 2024 | 11 replies
Choose your investments based on their growth potential and their risk.
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15 March 2024 | 20 replies
The rent should be based on market conditions and the amount of money you need to collect for your business to remain viable and profitable at a level you are comfortable with.
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14 March 2024 | 16 replies
We just chose decor that fit the idea of a nice lake house.Sometimes a place can just design itself based on location.