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18 December 2024 | 9 replies
We often give owners advice before the turnover letting them know that if we turned over the tenant, how we could improve the property, at what cost, and what the rents would improve to.
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18 December 2024 | 4 replies
Just looking at their website, there is no useful or helpful information that a sophisticated investor would normally require (to even give them a chance of being considered).
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31 December 2024 | 32 replies
Kevin I’m not saying it’s a good or bad investment and this is nothing against your personally but at some point you will HAVE to fully dive in and fully understand the scope of your investment whether it’s turnkey or anything else if you are going to a chance at ‘controlling’ the outcome you are seeking.
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17 December 2024 | 12 replies
The best you can do research your market, improve personal budgeting, improve credit, and get your dollars working for you.
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18 December 2024 | 15 replies
@Shaheen Ahmed you can find all the info you need online if you know where to look - except that the City of Detroit Assessor's Office is consistently undervaluing properties to keep property taxes attractive for investors - to keep improving the city:)Here's some copy & paste infor for Michigan Property Taxes that you might be able to use as a template for other areas - or you could start investing in Detroit:)----------------------------------------------------------------------------------------------------Michigan has some of the most complicated property taxes in the USA.
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18 December 2024 | 3 replies
Are you planning to hold as-is and focus on cash flow, or do you have a strategy for infill, increasing rents, or improving park infrastructure to boost value?
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19 December 2024 | 4 replies
We help our clients:1) Find a fixer-upper to buy2) We get bids3) Negotiate a Scope Of Work with the owner using "Maintain to the Neighborhood" to avoid over-improving, but understanding we will have to pass city Rental Inspection to avoid being a slumlord.4) Provide multiple jobsite videos to show progress and document WHAT was done and the QUALITY.5) Handle passing city Rental Inspection6) Find a tenant with a Replacement Guarantee per Class7) Assist with refinance, so client can repeatSo, why you looking OOS again?
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20 December 2024 | 3 replies
There’s a good chance that if lender finds out of property transfer via title records, insurance policy beneficiary, bank account submitting mortgage payments, they’ll assume that John Smith formed a trust to own title and will not flag the file for any action.
16 December 2024 | 20 replies
There is a 90% chance the problem was caused by a running toilet.
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31 December 2024 | 66 replies
If you have a contractor that you are asking to come back to do/fix stuff to finalize the job and you still owe him 80% of total balance its a pretty good chance that they will come finish everything to your standards even if they have to come back several times to do it.