The key to developing a consistent rental cash flow in Metro Detroit is getting great tenants. The key to getting great tenants is to buy in the best areas. And the key to identifying the best areas is to focus on the best school districts. It’s not rocket science! In my experience families with kids make the best renters. And renters with kids want the best school district they can afford, just like every other…
Category: Real Estate
Step 1 To Buying Turn Key Rentals in Metro Detroit: DON’T Buy in DETROIT!
I’ve been buying rental houses here in the suburbs now for seven years. And nearly the entire time I’ve been telling anyone and everyone to stay away from the city of Detroit if they wanted to own rental properties. A few listened. Fortunately for them. The rest, however did not. And now most of that group is now out of real estate altogether. Detroit is a cesspool of crime and gangs. And because of that…
6 Steps to Buying Turn Key Rental Houses in Metro Detroit
I’M SO TIRED OF HEARING HOW WONDERFUL DETROIT PROPERTY IS! SERIOUSLY. With all the misinformation circulating regarding Turn Key rental houses in the Detroit, I decided I had to act to set the record straight. Because there’s a lot of crap being slung around. And I’m tired of seeing it. I’m tired of hearing it. And I’m tired of getting asked about it. I mean, I’ve been buying suburban rental properties in Metro Detroit now…
It’s Private Money Ninja Time
I’m sure you at least heard about the carnage in the stock market yesterday. The DJIA was down 391, which made this the third worst week for the stock market in history. And it was only Thursday. As I write this the market looks like it will open even lower this morning. And gold continued to fall overnight. There doesn’t seem like there’s anywhere to turn, does it? And that’s a good thing. A very…
Oh No – Not Another Google-Research Apartment Forecast!
It’s a race I guess. Every time a quarter end gets close, all the economists start falling all over each other to be first out with their forecast for the next quarter. Having studied Econ myself in college, the one thing I’d really like to see is a scoreboard that shows how accurate these past forecasts are. But that’ll never happen. Because as soon as people saw how consistently worthless the forecasts are, and how…
Multi-Family Economic Forecasts: Smoking Crack or Inside Track?
The real estate investment services firm Marcus and Millichap came out with an interesting statement last week. The headline that their chief forecaster, Hessam Nadji, used was “Recovery Threatened, But This Is Not 2008â€. And he finished his overall summary by writing “The downgrade of the U.S. government’s credit rating by S&P has sent global stock markets into a frenzy, posing a threat to the already fragile U.S. economic recovery. However, there are stark differences…