Lots for you to do and learn in the Philly market.

I am an investor focused agent in the Central Indiana market. 

The horror stories are people buying too cheap and buying bad houses.Lots of great opportunities in Metro Detroit.LogicalPM can manage.We just heavily recommend not buying the cheapest property or getting tricked by a wholesaler on a $15k “great opportunity”.Just buy the good stuff.Metro Detroit (my rental portfolio is here)Purchase: $80k-$130kRent: $1200-$1500ROI: 10-14%Cash flow: $250-$350/doorAppreciation: Double digit (for past 10 years, will gladly send data)Location: C+, B- (suburbs and certain markets)We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, mortgage, Amazon fulfillment, and more jobs.The bad reputation comes from OOS investors wanting $20k D market properties.

Holdover tenancy is addressed by a significant rate increase for every day (I use 150% of market rent as that seems to be a reasonable enough number that a court would allow + costs associated with their refusal to leave) and I have wording that if I can't turn over the unit for any reason outside my control, I'm not liable. 

Hi Jordyn, Since you are in MO, do you know anything about the Joplin, MO market?

It is still possible to get homes without coming out of pocket a lot of money and the most popular method for this currently is the BRRRR method.Well, in theory this would work but this is almost impossible to do in this current market.  

Are there any resources that exist to determine what the fair market price for a condo should be in a particular area?   

Gather some market data- look for local market reports and engage a commercial real estate broker who can provide some great market insights.

It opened my mind to a new marketing avenue.

Hey Account Closed - Which market are you?