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23 December 2024 | 17 replies
Other than that, the city is largely residential with many jobs focused around providing for those residential needs such as the service industry sector, home repair, construction, etc.
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19 December 2024 | 4 replies
(@Jonathan Greene DM us if you'd like to chat about them)Regarding turnkey in Metro Detroit, haven't seen anyone do it the right way:( We've picked up dozens of their clients that fire them due to poor tenant performance and nonstop repairs on their "turnkey" properties.
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19 December 2024 | 82 replies
Are there communities where you can acquire homes for around $100K or less AS IS that will have After Repair Values of $170K or more.
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20 December 2024 | 10 replies
Initially after management fees, repairs and PMI i was losing about $250 per month.
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30 December 2024 | 103 replies
I am looking to add:- one syndication investment (not multifamily because I invested in 3 multifamily syndications in 2024)- three turnkey rentals in the Midwest (only vertically integrated management and construction/repair turnkey)- one mixed-use property in NJ (Main Street mixed-use is what I like with at least two retail and two residential)- one flip in NJ (buy price between $500k and $750k, reno $200ish, profit $200k min)I am also looking to:- do two bathroom renovations in my personal residence (and one in my DADU over my detached garage)- do a complete yard makeover, adding a plunge pool in my backyard- start planning and development on a 5-acre plot of land I have near Woodstock, NY for a 4-STR groupingI am looking to sell:- nothingWhat is in your 2025 buy box?
18 December 2024 | 2 replies
Built in the last 50 years but before 1990.Currently rented for <$7000 gross but could likely be raised to >$8000.Expenses are as follows:Taxes - $13,000/Yr or ~$1083/MoInsurance - $3100/Yr or ~$260/MoMaintenance, Repairs, Vacancy, Trash Removal - ~$1000/Mo.Now, seller wants 850k & 10% down, interest TBD.
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18 December 2024 | 2 replies
This was a few years ago, but at that time as I recall they were looking to do more long-term property leases over owning properties and doing pretty landlord friendly leases where they would do repairs and even pay property taxes.
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16 December 2024 | 11 replies
Finding an agent, finding contractors, overseeing repairs, finding a property manager, finding tenants, etc.
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16 December 2024 | 19 replies
We do that all the time for inspections or to make repairs.
16 December 2024 | 8 replies
@Derek Buehner Repairs made to your primary residence while living there generally aren’t tax-deductible.