Newbie from the Detroit (Westland) Michigan area

[Chad Barson]

Hi All,

My name is Chad Barson from Westland Michigan right outside of Detroit. I'm just getting into real estate. I work with my parents at our family owned and operated Greenhouse for the passed 20+- years. Looking to get into the real estate game to help support my family, parents, mother in-law and others for all they have done for me (us) in the past.

I'm thinking of starting with a few Wholesales (5-10) then Fix and Flip (2-6) and  then the rental game will begin (while always doing the others for "quick cash"). I'm thinking I'd like to start with signal family home (SFH) rentals (4-8) then go into duplex, triplex, and apartments The big picture goal would be to have around 1000 units in 10 years.

Good or Bad plan of attack and why?

This group is awesome so far, I've just been looking around on the forums and trying out the calculators they are cool. I've watched 6 live webinars so far. TONS of great info Thank you so much for doing those Brandon Turner.

One hurtle I'm having problems understanding is dealing with private money lenders and flipping. How do you find a house cheap enough to buy (with Other Peoples Money OPM), rehab (with OPM), sell and make 30k for yourself after paying back the private money lender plus there interest or cut.

And is Private money lender and  (OPM) the same thing?

Thanks for reading all this you are awesome! Have a Super day!

Chad

[George P.]

welcome. i have ~17 in westland, above Avondale. many more in the surrounding areas north of westland.