Need help analyzing my first deal. It's in a c class neighborhood in Warren MI. Price 105,000 rent ready. 3 bed 1 bath, basement and garage. Expected rent 1200. Expected taxes 3200 (unbelievable to me!). It meets 1% b...
I am practicing my ability to find and analyze local multi families in the Detroit area. I would appreciate input on this property and my analysis of the investment . Thanks ,Dan https://www.redfin.com/MI/Hamtramck/11...
What does everyone think about buying and holding in Detroit? I didn't do a lot of research on this yet. However, I know Detroit properties are really cheap and they don't all seem to be in the bad of condition. Is...
Hello,
I am seeking advice on the next best possible move for my investment portfolio.
I currently own four properties, one of which is my own personal residence, and three income producing rentals (2 multifamily an...
My wife and I began renting a one-family house in New Jersey in February 1986 and have paid rent every month without fail and have maintained our tenancy as model tenants without incident.
We had a one-year lease for...
Residential property: Net annual interest income can be considered as an excellent lie in a range offrom 6% to 7%. (Commercial property: from 12% to 14%).(That’s my first article here. I live and work in Moscow. The i...
Okay, so here's our dilemma. My husband and I bought a beautiful 2-bedroom, 1905 brick home in Englewood about 2.5 years ago. Gorgeous original wood and oozing charm, on a large lot as well. We fell in love with it an...
Hello all, so I have some questions as a future Landlord that I am just trying to figure out.1) I am interested in a property that is a Short Sale and Utilities are currently turned off. If I do end up buying the prop...
We have a 70 unit senior building that we have owned for the last 20 years. These are all low income and about 20 have section 8 assistance. Rents are low. I would have to say we have not done a great job managing the...