While doing back of the napkin due diligence what is a standout factor that will immediately turn you away from analyzing the deal any further?
Picked up this house in Redford Mi on a bankruptcy deal for $58k. Redford is 15 min west of Detroit. Decent area where homes sell for ARV of around 80-150k depending on size/location. Redford is in the Livonia/Westlan...
Just prior to my first real estate investment in 2014, the 2% was heavily promoted by Brandon Turner. Then more recently it was lowered to the 1% rule. Now the current staff are promoting around .8%. So interesti...
I would love some insight to this as I am a new investor (don’t have a home yet). I know most don’t recommend using a PM but I see myself long term with 60+ units one day and would eventually use one anyway. Ok with t...
My current tenants are both medical doctors and refuse to let me inspect my property. They say I can't enter due to state and federal regulations and their professions. I think they could be using COVID as an cover to...
I wanted to share my experience planning, permitting and now building a 3 bed / 2 bath 800 square foot detached accessory dwelling unit (ADU) / back house / laneway house at one of my single family rental properties. ...
Over the past few years as I travel the country, I hear more and more people saying that their municipalities are now requiring Landlords to let the city into their rental properties. On top of that, the Landlor...
Some background - Around 5-6 years ago, I was getting decent tenants for the most part and a pretty good PM company to manage the rentals in MO state. While I understand that it is part of the game to have a rental pr...
I've got these two young kids that moved in and signed a 4 year lease. We had just completely remodeled the unit, new bathrooms, new kitchen cabinets, granite countertop, new microwave and fridge, sinks, faucets, plum...