New To The Forum - Introduction

[Jay Neaves]

Hi, just wanted to introduce myself as I'm new here. I'm Jay, 39, from just outside London, England. My wife is from Michigan and we're moving back there in the not too distant future to focus on full time property investing.

I've spent a lot of time in the Detroit Metro area in the past 12 years and follow the market from the UK. I don't claim to be an expert but I have a fair knowledge of the area having lived there for 5 years. We visit family there a couple of times a year and have wanted to get into the Real Estate market for a few years but didn't have the capital to get things moving. We're now in a position where we should have a large chunk of capital coming our way in the coming months and we're ready to start a new chapter in our life in Michigan.

I'm interested in learning from others who have been in the business a while, particularly interested in connecting with people I can maybe work with in future. I guess what I'm working on at this point is getting a better understanding of rehab costs, financing, and areas to target and hopefully I can start networking in preparation for kick off!

Our overall plan is to build a property portfolio over the next few years. We'll be looking at each deal individually to assess the best plan for each house. We'll probably be doing a variety of things, flipping some properties, holding on to others as rentals etc. We will be cash buying the first few properties, but in the longer term, the plan is to build a portfolio that we can sell in 5-10 years for a good ROI.

Look forward to hearing about your projects and hopefully helping out others too.