Not So New, New BPer in Metro Detroit

[Bob Budiongan]

Hello BP!

I originally jumped on BP in December of 2015 and poked around and left shortly thereafter. In January of 2016 I worked with my son to purchase a home in the Corktown area of Detroit, MI – he is now living for free with his renters while making updates to the home.

Little did I know, until recently having jumped back onto BP, that we basically set him up for his “house hack,” a term, of course, I learned after rejoining this community and immersing myself into the podcasts during my commute to and from the 9 to 5.

I jumped back into the community in late February of this year and signed up as a Pro member in March to take advantage of all the tools available. I have been analyzing deals and soaking up what I can, and I am currently under contract to purchase a rental home in Columbia, SC. My daughter and her friends are lined-up as my first Gamecock tenants. Yes, I suppose you can say I am easing my way into the buy and hold game with my fully vetted tenants and my built in PM, but you have to start somewhere right?

It has been an interesting ride so far and this Carolina home purchase has been a definite learning process, and perhaps a story for another post.

With my Carolina home purchase about settled with closing scheduled for June, I am now in the process of finding that next deal. Will it be closer to home in the Metro Detroit area or another in the Columbia, SC area, who knows, but as I have heard on the podcasts, a deal is a deal, and if the numbers work, you can make it work.

I want to say thank you to all of you BPers who have shared your stories via the podcasts, and a special thanks to Anna Buffkin and Will Gaston (two Columbia area BPers) who answered questions for me regarding the Columbia market. The inspiring stories and the support from Anna and Will, made this move an easier one to make.

See you all in the forums.