I struggled with this logic when I started out in 2018, and I'm here to tell you not every house has been combed through by investors.

@Vincent Zhu I am not following your logic.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

It is not the strategy that matters, it is the logic behind targeting a motivated seller is that matters.

DM us if you’d like to discuss this logical approach in greater detail!

There are a few other items but the point is and has always been, the underwriting performed was sloppy, broad stroked and lacked basic inter line item relationship logic.

The neighbor has now demanded I offer a contract saying I’m liable for the cost of the tree if it dies and when I explain the logic of the situation, she refuses to compromise whatsoever and not realize what all I was allowing to slide by to begin with. 

Same logic applies to single-family homes.The challenge is they’re rare on the open market, so most investors find them through networking, driving for dollars, or working with agents who specialize in investment deals.If you want, I can share exactly how investors here in Columbus are finding properties with instant equity — that way you can use the same approach whether you’re looking local or out of state.

Jay post I agree almost all the time on his logic with strategy , money , deals etc...

DM us if you’d like to discuss this logical approach in greater detail!