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23 September 2024 | 11 replies
Rent probably $5000/month or less.
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25 September 2024 | 16 replies
I can justify any price (and some high fee syndicators are still doing so), if I just play with assumptions, prepay and buy down my interest rate, and hope that sub-5% cap rates will be returning in the next few years.But if you know your market and market cycle, have an idea where interest rates may be going (this is an educated guess for all of us), and then have your assumptions, you can certainly have the conversations you reference with brokers and see what their take is on pricing and if it is worth writing.Finally, I have said this before and will continue to say it, whether we are talking single family homes or 400 unit apartment complexes, off-market purchases do not make something a deal.
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24 September 2024 | 4 replies
I realize all attorneys differ and it could be hourly or flat but I want to do some research before hand.The plan is to sell as I have no interest in keeping it so there won’t be any repairs, if any, until the redemption period is over.
24 September 2024 | 21 replies
Any other thoughts or suggestions?
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25 September 2024 | 8 replies
I've been attempting to find some local wholesalers to be put on their lists.Located in Lansing, Michigan, does anyone have ideas on how to find local people, or are there any on here looking for more buyers?
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24 September 2024 | 3 replies
Should I take out equity in the home towards a crash pad and/or doing some minor upgrades on the home OR should I save up to get into air BNB arbitrage to increase my money flow and put that towards fixing the home and eventually obtaining a crash pad.
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24 September 2024 | 7 replies
I also love helping others, so please reach out if you have questions or if you want help.
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24 September 2024 | 4 replies
If a job needs a crew or individual specialized enough that importing them to an area is required, then they are likely part of a high-value deal.
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23 September 2024 | 8 replies
Can any builders/developers share their experience getting started or which route is best to take in the current market?
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26 September 2024 | 9 replies
This can be fairly straightforward, depending on your agreement and if a partnership return was ever filed, you'll want to report half or your portion of the basis in the property as well as half the sale price minus expenses.