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Updated about 8 years ago on . Most recent reply

User Stats

49
Posts
18
Votes
David McCracken
  • Rental Property Investor
  • Rochester Hills, MI
18
Votes |
49
Posts

Metro Detroit investor looking to expand portfolio

David McCracken
  • Rental Property Investor
  • Rochester Hills, MI
Posted

Hi all, I'm in a little bit of a rut at the moment. My RE investing started off with a bang; I found a duplex in Ferndale, MI for just under $200k that's giving me about $1100 in cash flow every month. I want another one just like it, but the multi-family market seems very dry at the moment. I'm very partial to multi-families, I think it's one of the best ways to achieve great cash flow.

What's the best thing to do in this situation? Should I try looking for off market properties or wholesalers? I'm in a bit of a rush because I'd like to close in the summer to take advantage of the high demand for rentals. Thanks!

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