25 April 2025 | 2 replies
Unfortunately, there are a lot of sweet talker contractors that persuade me that they have indeed: cleaned snow, mowed lawn, completed painting the house, removed garbage or any debris, or similar, but they do not send me the pictures as a proof.Of course all of them ask money in advance, and even though I try to send payments only after the work is done, it's not always possible.My question is, how do you fight those situations?
28 April 2025 | 33 replies
The A and B segments are above median, the C and D segments are below median price.Your question is an optimization problem, depending on your goals you'll find the sweet sport somewhere between C+ and B-.
26 April 2025 | 10 replies
You want beautiful hand-rubbed clear maple cabinets in the kitchen and a sweet Japanese toilet that plays soothing music as it heats up water to wash your backside with in the bathroom.
23 April 2025 | 2 replies
It’s no secret—2025 is throwing curveballs at the residential market.📈 Inflation’s still high.🏦 The Fed isn’t budging.📉 Mortgage rates are stuck near 6.7%.🏡 Homeownership feels like a dream for many.But here’s the ups...
24 April 2025 | 4 replies
From what many successful investors report, the sweet spot tends to be leaving about 5%–10% of the ARV in the deal.
25 April 2025 | 10 replies
If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 4-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.
23 April 2025 | 9 replies
Plan to send some time talking through scenarios with your lender as loan amount and LTV can affect pricing - you should be able to work out a sweet spot to get the best terms.
24 April 2025 | 43 replies
i keep seeing:1. buy out of state rental in a solid neighborhood with long-term potential (just as you are recommending) but then...2. have one rough tenant turn that costs a couple grand, and3. give up on real estate investing, and turn on everyone involved in the transaction for not guaranteeing that sweet cash flow in month 1 lol, yea there is a decent chunk of investors who get really butthurt by that one bad unit turn and just give up.
21 April 2025 | 7 replies
Hitting a 40%-50% ROI is a great sweet spot to be in as well.
21 April 2025 | 6 replies
I do single family through the Rocket Dollar custodian because I got a sweet deal with them when I set it up.