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Updated almost 9 years ago, 02/03/2016
First House in Michigan as a Newbie investor for rent, what do..
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!)