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Updated about 8 years ago on . Most recent reply

User Stats

4
Posts
1
Votes
Michael Weber
  • Mason, MI
1
Votes |
4
Posts

Getting started in Mid-Michigan

Michael Weber
  • Mason, MI
Posted

I'm new to bigger pockets and am looking to start investing in buy and hold properties in the Lansing, MI area.  I work a full time job in corporate finance and have about $20,000 I would like to invest in cash flowing properties. 

I'm currently looking at investing in $50,000-$70,000 duplexes, which are somewhat common in this area, and bring in about $1,000 per month ($500/unit) in rents, however the landlord pays utilities.  They cash flow about $100/month.  Is this a good place to start investing? What type of property should a rather hands off investor start with?

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