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Updated over 7 years ago,

User Stats

57
Posts
42
Votes
Jeff Weaver
  • Investor
  • Troy, MI
42
Votes |
57
Posts

Michigan has been good to me

Jeff Weaver
  • Investor
  • Troy, MI
Posted
Hi guys, I'm a investor / business owner ( sell windows and doors) in Oakland county, Michigan (North of Detroit) I have SF (22) and small MF ( 14 units in 4 properties) and 1 commercial (where I run my business and also sub lease to 4 other occupants) I started when I was 17 with $3k in 1987 and just kept doing BRRRR's / hacking it has worked out well for me. I hired a PM to handle all the SF but I still self manage the rest. Now 47 with a wife and 2 young kids I'm looking for direction. My wife and I live comfortably, but I wonder if I should transition into larger MF. I have little depreciation on my higher value property And lots of Equity that is getting a minimum return. I would consider selling all for the right property. I've listen to the BP podcast many times hearing investors say they wish they had kept them all. But I feel a little burned out on my multiples. Not sure why, there easy. Just want something new and shining I think. I would like to have something with its own management / maintence people. 100 units or more. Possibly a partnership . Also could use the larger depreciation as my wife and I are both working professionals. Looking for any feedback. Thank you Jeff

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