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Updated almost 8 years ago on . Most recent reply

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10
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2
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Eric H.
  • Royal Oak, MI
2
Votes |
10
Posts

Bank examiner and new(ish) investor in metro Detroit

Eric H.
  • Royal Oak, MI
Posted

Been lurking for a few years and learned a ton. I have one rental in St Clair Shores and on the lookout for more. I'm interested in the east side of Metro Detroit due to the lower entry cost and I have family in that area so I'm familiar with it. The goal is to build a portfolio of buy and hold SFR's for wealth and cash flow later in life.

My background is in examining financial institutions – I've worked for FDIC and NCUA so I'm familiar with community banks and credit unions. I've looked at countless commercial loans and an ungodly amount of 1-4 family real estate loans so I'm well versed in cash flow and financing. I've seen some crazy things in this line of work…

I travel quite a bit for work so attending REIA meetings is very difficult, so I've finally joined and hoping to network on here.

Most Popular Reply

User Stats

9
Posts
1
Votes
Raymond Smith
  • Clearfield, PA
1
Votes |
9
Posts
Raymond Smith
  • Clearfield, PA
Replied

I have two rentals in my hometown in PA and one in Dayton Ohio. My son is in Ohio and is wholesaling there also. I have worked with him a little. We just sold a 5 unit apartment building and have another 4 unit that needs rehabbed. I am going to do some wholesaling to raise some cash so I can buy and hold some rentals. 

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