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Updated almost 9 years ago, 02/03/2016

User Stats

14
Posts
2
Votes
Haley London
Pro Member
  • Real Estate Investor
  • oakland county, MI
2
Votes |
14
Posts

First House in Michigan as a Newbie investor for rent, what do..

Haley London
Pro Member
  • Real Estate Investor
  • oakland county, MI
Posted

Hi 

re: is this a good place to begin?

I am a newbie at residential (I was in commercial, so I have some experience!) My agent knows of someone who is going to sell a house in Clarkston, Michigan.  I have not seen it yet but it is a 2 bedroom 1 1/2 bath just shy of 900 sq ft.  It sounds as though it would be move in ready, I drove by roof is fairly new.   I do not have a price yet but my agent mentioned something about $100,000.  It has a fenced in yard and is in a good school district.This would be a buy and hold and I want to build up to numerous houses.  I know it's a bit early since I haven't even been in the house!  There are other areas in Metro Detroit that the houses are alot cheaper, but I am not sure I want to invest there! :)  BTW

the basement is suppose to be partially finished with rooms for crafts/office etc.

(thanks in advance for answers by the way!)

  • Haley London
  • Loading replies...