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Updated almost 10 years ago on . Most recent reply

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Joe Mancuso
  • Oxford, MI
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How to find my first property?

Joe Mancuso
  • Oxford, MI
Posted

Hello, my name is Joe! I live in metro Detroit and I am looking to get some pointers on where to look for my first investment home. I am an experienced carpenter as that is what I do for a living so I plan on doing a lot of the manual work myself. My wife is good with computers and doing internet searches but not sure how to find our first house. Not to mention not a clue what areas in metro Detroit have better potential. Looking for any tips or guidence anyone here on bigger pockets is willing to give me!

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Andrew Syrios
  • Residential Real Estate Investor
  • Kansas City, MO
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Andrew Syrios
  • Residential Real Estate Investor
  • Kansas City, MO
ModeratorReplied

There are a few ways. I would recommend either making lots of low offers on REO's (either become an agent or find an investment minded Realtor) or a targeted letter campaign, probably to people in foreclosure. If you have money, foreclosure auctions could be another option. But there are more dangers there, so I wouldn't recommend it for your first one.

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