I am from the Detroit metro area but I invest in Pontiac. The reason why I invest in Pontiac over Detroit and Flint is because the rent margins are simply not high enough for what you are paying for and putting time i...
I bought a 8-unit apartment building; the value add is that rents are 20% below market value. My strategy was to buy, let the tenants go, rehab, and raise the rents. We gave notice to all the tenants (who are month-to...
I have heard a lot of posts about how to buy real estate with no money down, low down, first time buyer program, etc. All these paths are possible, but they are financial decisions that you are now just realizing when...
Wanted to share this with you guys as Airbnb is finally giving the hosts a break on the extenuating circumstances policy enacted this month in relation to COVID 19. In a nutshell, they are giving hosts 25% of what we ...
I have a tenant that moved out Feb 8th even though his lease was up at the end of the month. I received the keys the 8th. I want to do right by him and give him his deposit back as early as possible but for legal purp...
Okay BPers....I need some input.First - a quick intro. I am new to REI and this will be my first investment. I will be making these purchases through my Solo 401k so the usual tax benefits don't apply and my up fron...
So I have my first floor tenants who give me lots of problems. I am owner occupied 4 family and I live on the top. I have had to install 4 security cameras because of him. He has generally 25 people in and out of his ...
Hi BPer's, @Tom A. and I have been collaborating on a SE Michigan BP Meetup. We are looking to create a monthly meeting that is more on a personal level compared to a normal REIA.
This event is an open ...
I'm married, age 29, and make less than six figures. My wife stays home with our two kids. This year and last year we maxed out my 401K ($17,500 annually) and both our ROTH IRAs ($11,000 annually). This has allow...
First, thanks to everyone here for creating/maintaining a great site. I'm new here and am learning a lot via the posts, articles, and more.
I've noticed that there are lots of posts and advice on how to get s...