I think I have a great deal, who are my local Detroit Commercial Investors that can verify? 4 buildings - 5 leased spaces, $65,000 gross per year at a 13.5% cap rate after expenses or $75,600 and 15.75% cap rate befor...
Unfortunately I was out of town when the lead came in from a wholesaler, but my wife (and business partner) had me on Facetime (iPhone video chat) during the walkthrough with our GC. I love technology. :)
ARV of $130...
Here's the story. I showed a single family house to a woman who had left her job because her father was ill and needed her help. Her father died and she was looking to relocate and start a new job soon... I agreed to ...
Howdy BP!I'm currently looking at a property about $1,000,000 that I see as about a 12CAP... slightly lower than my average, but a solid property (24 units, only 1 empty, not a fixer-upper).I mentioned to a few people...
I have a tenant who told me that they are pretty far along in the process of buying a house and they would be settling on April 27. I restated what the lease said as far as breaking it and started my search for new t...
Hello BP!So I have a tough decision to make on whether or not I want to evict a tenant. Background:Tenant is a single mom with 3 kids. She put down a 3 month security deposit. She has never been a good tenant. Has a s...
Hi all!
New investor here looking to do a first time BRRRR in metro Detroit. I just had a quick question in regards to the refinance portion of the BRRRR process.
I have a potential property that I'm looking at g...
New landlord hear so need so advice on the best way possible to handle this problem.Currently living in a 3 family owner occupied home. Went home for lunch from work today. When I left to go back my car had bread, har...
I am thinking of purchasing a home from a friend in South Carolina . The property is occupied by a gentleman who has rented the property for many years . My friends mom owned the property until she passed . My friend ...
Hey BP,
I'm a newbie and need some help with a wholesale deal. Owner is in pre foreclosure, auction date is set Dec. 12th. Owner purchased home in 2014 and currently has it rented out to a tenet who lost their job. T...