Detroit Suburbs here

[George P.]

hi,

still figuring things out in this forum, but here's a quick story how i got here.

have a full time job, but love home improvement. always wanted to get into REI, and loved "flip this house" type shows on TV. but never knew how it works. glad i was cluless enough in the mid 2000's to avoid jumping at the highest prices.

so, the prices started dropping here (detroit suburbs, not detroit city limits) and i jumped on one last year. homes in great area are around 50-90k, and can be rented for $1100+.

so, in one year i purchased 3 (last one purchased 2 months ago), and am renting them out.

I do not flip, just rent. I do most of the work myself since i know quite a bit and love to get dirty.

looking to buy another one soon. the only thing that i dont like is that i have to put 20% down on each house. :violin: but that's the rule, so i do it.

i try to buy houses with no more than 5K worth of work. i make them look nice, too.

that's it. can't wait to make this my full time gig (one day)

:D