**All data pulled from realtor.com**

It can tell you if building permits were pulled for remodeling, roofs, furnaces, etc.

The reason we still feel bullish (not reckless) is that there are several obvious levers the prior operation didn’t really pull: delivery/pickup was not executed well; we’re partnering with owner.com to rebuild the website/app funnel and online presentation (not a plug — just something we believe will move the needle),delivery radius will be supported via Uber drivers (~15 miles),alcohol sales were only 1–3% previously because the old location didn’t have an actual bar and there was basically no signal that they served alcohol (no mixed drinks, no “bar energy”),the new space has a fully remodeled (2007) kitchen/dining, plus a legit outdoor eating area, and we’re reopening there in April.  

Quote from @Jay Hinrichs: Quote from @Drew Sygit: Quote from @Natalie Allie: Looking for advice from seasoned investors in the Detroit area - specifically how investors mitigate risk when investing in the inner city and what the best solutions are to secure properties, avoid squatters, etc...

Hi everyone,I’m looking for some direction on next steps and would really appreciate collective guidance from this group.Here’s a snapshot of my current situation:Portfolio2 single-family homesOne is my former primary, now a rentalOne is my current primary (previously an investment property)2 three-unit multifamily propertiesEach worth approximately $1MOwned 50/50 with a partnerRecently refinanced at 75% LTV, 7.1% rate, 3-2-1 prepaymentEach cash flows about $800/monthFormer Primary (Rental)Rent: $6,200/monthMortgage: ~$7,400/month (FHA loan at 6.625%)Value: ~$1.1MNegative cash flow of ~$1,200/monthI did a cash-out refi ~2 years ago (pulled ~$200k to fund multifamily investments), which raised the rate from ~3% to 6.625%I’m unsure whether I’ll realistically be able to:Refinance into a better rate or out of FHA in the future, orIf selling once the tenant leaves is the more prudent option to stop subsidizing the propertyCurrent PrimaryPreviously held in an LLC as an investmentHigh interest rate (~11%)Now in the process of a rate-and-term refinance after moving it into my personal nameTargeting ~75% LTV (value ~$1.5–1.6M)Considering adding a HELOC post-refi to create liquidity for future investmentsIncome & GoalsCombined W-2 income: ~$310kGoal: scale cash flow aggressively enough to eliminate the need for W-2 employmentPortfolio cash flow is modest on a consolidated basisAppreciation has been strong, and I’ve used cash-out refis to continue acquiring and stabilizing assetsChallengeWhile multifamily and BRRR strategies have worked for equity growth, the timeline (8–12 months per deal) and resulting cash flow haven’t been sufficient to replace active income quickly.

If you need cash, look for a refinance to pull equity.

A mod named Sandra Lei M. is the one who pulled down the entire Stuart Fox thread.

My local bank would refinance me at that point since the principal paid would be past the 20/80 threshold.if the seller rejects this, are there any other creative solutions to bag this deal?

At $2000/mo net living cost after the other units cover most of your PITI, you're essentially renting for the same price BUT building equity and locking in your housing costs long-term.A few things to stress-test before pulling the trigger though:Your $5800/mo payment estimate looks right, but make sure you're factoring in a realistic maintenance and cap-ex reserve.

If they can't tell you what a property will ARV at without pulling comps, keep looking.