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8 April 2024 | 6 replies
I've been saving up for my first property purchase, specifically aiming for a duplex.
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9 April 2024 | 9 replies
Fantastic idea and even better deal if we can find a seller willing to cooperate.
8 April 2024 | 2 replies
I on the other hand, am hoping we can save for 1-2 years and then use that as a down payment and rent our current primary.
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10 April 2024 | 8 replies
I will research Catalyst to get a better idea of the services.
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9 April 2024 | 21 replies
all the time, so I try to every now and then share it with others and answer any questions.Location: Metro DetroitPrimary target: Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: 1%-1.4% rule dealsROI: 8-14%Cash flow: $150-$300/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-7%+ (has been double digit for last decade)Location: C+, B- Some Notes:- I don't actually save 15% for vacancy, maint, capex any more.
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8 April 2024 | 20 replies
Never a bad idea to look at the comps - this should help give you some direction based on your specific market.
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8 April 2024 | 8 replies
Changing your 2023 return would not save you a single cent anyway.
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9 April 2024 | 13 replies
Buying a new build could be a good idea as well to prevent maintenance costs, but if you’re trying to BRrrr than bad idea.
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10 April 2024 | 20 replies
I used to like to do all of the leg work and source my own deals but they save me the time and effort.