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Updated 8 months ago on . Most recent reply

User Stats

9
Posts
8
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Andrea Descargar
  • Investor
  • Windsor, Ontario
8
Votes |
9
Posts

Feeling stuck on purchasing multi-family properties in Michigan

Andrea Descargar
  • Investor
  • Windsor, Ontario
Posted

Hi all,

I'm stuck and I don't know where to start or how to strategize a game plan on how to build my portfolio. I currently have a small portfolio but they are single family homes. 

I'm not afraid to buy, in fact I hate money sitting in the bank doing nothing for me. I have a team of 2 other investors, one of which is an experienced contractor so we have that department taken care of.

Is there any way to find cash flowing properties off market? The goal is to buy 2-3 duplexes, tri, or quad units every year and so far I have none for 2024. 

We tried to place an offer on one but deal fell through, and another one had a lot more work than we anticipated so we pulled out. Any advice on strategy for multifamily properties would be helpful in terms of narrowing them down, and areas in Michigan to look in. We're currently looking in Jackson, Brighton, Howell, Ypsilanti, Chelsea, Fenton, Whitemore lake, and Fowlerville (Michigan). 

Most Popular Reply

User Stats

793
Posts
334
Votes
Wendy Patton
  • Specialist
  • Clarkston, MI
334
Votes |
793
Posts
Wendy Patton
  • Specialist
  • Clarkston, MI
Replied

@Andrea Descargar feel free to reach out and maybe i can lead you to some good investors/deals/areas etc..... been investing there since 1986

  • Wendy Patton
business profile image
Michigan Real Estate Investors
5.0 stars
6 Reviews

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