All Forum Posts by: Tim Bee

 2% is alive and well.  Sounds fantastic

I suggest you keep your calculate your purchases using a LTR formula.  Cities have been severely restricting STRs and your plan to rent short term might have to abruptly change to a long term rental.  Be careful.

 It kind of built up over time.  First rumors and threats.  Then as the saying goes the camel got his nose under the tent.  They approved small restrictions.  Then they realized no one will stop them to approve more and so they approved more.  Within a few years their plan was complete.  

Just don't do what Jason Bateman did.  

I heard META pays their tech employees 300K.  I am guessing you'd have a pretty substantial savings at this point.

Detroit has high crime.  Hopefully you won't be managing it.

Personally I have two credit cards that both have 99K limits. I do zero interest direct deposits all the time for situations like this. Usually you get 16 months or so to pay off the debt with zero interest. Basically free money. You get the deposit in like 2 days. It's nice to keep things simple

It's all about cash flow.  Building equity is a gamble.  If you are a wealthy high end buyer that's a different game.  If you are buying homes under a Mil then stick to cash flow.  Just follow the 1% rule

Definitely buy as many as you can as fast as you can.  BUT the property has to meet the 1% rule.  If it doesn't meet it don't buy it.  It's really that simple.  

Use no interest credit card debt to buy homes.  Its the cheapest hard money you will find.