Here’s my reasoning before even spending any time reviewing the syndicators track record or credentials.

Noa,You can do a cash out refinance where you will be maxed at 80% LTV so around $140K based on the $175K value.

Thank you in advance. ( Also I'm in the middle of BRRR book so I'm feeling motivated )  Hey Dylan, I am also a local investor in your area, I would love to connect with you and see how we can each be of a value to each other.

For me - I must have value add - whether that means expansion, increasing rates, occupancy %, moving to automation and managing remotely etc - there needs to be a for sure way I can add value and streamline operations.

I’ve been investing in Detroit for several years and along with cash flow property values have started to increase significantly.

The challenges include - Interest rates - that are as high as they have been in 20 years; property values - which have doubled and tripled in the past 3-5 years.  

Sellers have too high of expectations, too high a chance for holdouts who bog down sales and too many eyeballs questioning your transaction “creativity.”There’s money to be made but you need to think through how you add value.

Most of the negative reviews of PMCs are from tenants that didn't like being told, "NO" or being evicted for nonpayment.

How did you add value to the deal?

For those who use CoStar know the value that the platform provides.