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Buying properties in Detroit
7 April 2019 | 21 replies
Where we live (Aspen, CO) investment properties are impossible to finance, a double wide trailer was listed at 375,000.... so we would like to look into other options.
Marisa R.
Detroit the Come Back Kid
16 February 2020 | 108 replies
Eyes Wide OpenThere are certainly more maintenance costs as the houses are older, this is why it is absolutely imperative to ensure you have people on the ground and you are not over paying for maintenance otherwise it will kill your cash flow.Many property managers enjoy over charging, beware.I am very bullish on the Detroit market because I am seeing that things are starting to move and I am in for appreciation and cash flow.
Paul Sandhu
Problem: Not enough parking for STR tenants
18 March 2021 | 4 replies
I can put the foreman and 2 guys and their vehicles in a house that has a double wide driveway and parking on the street.
Luis Puello
Looking for Practicality here| Where do I start honestly | Real estate Agent soon
3 April 2023 | 19 replies
Access to a wide range of resources like industry contacts, marketing tools, potential buyers and sellers, trusted home inspectors, contractors, attorneys, etc.4.
Ben S.
Townhouse or condo and how to tell?
27 September 2019 | 9 replies
My thought was they may not allow a legal lot for the garages that are only 20’ wide or so.
Sabrina Brown
Difficulty selling rental properties at loan amount
28 February 2019 | 299 replies
A good agent will advise you to spend $100 on high res, wide angle lenses on a clear day.Kings Arms -- You have it listed at $99,900.
Chad Dickenson
Lender for BRRRR Refinancing before 6 months?
25 April 2023 | 23 replies
Hard money in our state can vary widely from 12% and 3pts for 6 months to 8% and 1pt for 1-yr, depending on your experience and which lender you're using.There's also another trick you can do in order to do a conventional rate-term refinance and get cash-out without seasoning, all the while lowering your rate and increasing your LTV by an extra 5%.
Steven Nosnik
Looking for a Change....
14 September 2022 | 10 replies
You'll find a lot of people are willing to take time and answer questions you have about a wide range of topics.
Chris Berra
Private Money - Structure
24 April 2023 | 6 replies
Of course, you should sit in on this conversation, so everyone goes in with eyes wide open and with the same basic understanding.In some states, you can originate these loans yourself.
Lisa Bush
MTR start-up advice
23 April 2023 | 4 replies
This has been a widely successful strategy to leverage FHA's on the purchase.