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Updated 8 months ago,

User Stats

8
Posts
7
Votes
Ken Chen
  • New to Real Estate
  • Salem Michigan
7
Votes |
8
Posts

Hello all, I am new to this world.

Ken Chen
  • New to Real Estate
  • Salem Michigan
Posted

Hello everyone, I have been on the site without an account for a while now and I recently made that change to pursue this option with my wife. I am basically the traditional Asian family that spent my entire life saving money and purchasing a place in New York City, and after trying to survive for a while I find it too hard now that it’s 2 people and decided to move back to my hometown and do some investing looking for cash flow in particular. Hoping to find class c houses to eventually reach a higher monthly income from all the rentals. With 2-3 years of planning. 

I continue to work from home but not making enough to be an accredited investor. 

The way I saw real estate at the time was, saving money, buying a multi family, live there with tenant who help pay for my house. And while saving money until I can buy a new place to live. Recently did that again and thought I can use the income I’m bringing in from the house to increase cash flow. 

I would like to invest in Michigan but there is some mindset barriers which is why I thought investing out of state wouldn’t be too bad. 

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