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Updated about 2 years ago on . Most recent reply
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Newbie to BiggerPockets from Michigan City, Indiana
Hello! I recently moved to Michigan City, IN in May of 2019. And in June of 2019, my wife (fiancé at the time) and I purchased our first home. We decided on this 1960s property because we got a good deal on it before it went to MLS and we wanted to use it as a live-in flip. After digging into some of the different options that real estate has to offer, we are going to try analyzing the property as an Air BnB once the remodel is complete. My goal for 2020 is to fix and flip at least 2 more properties and also find a rental. I am happy to have found BiggerPockets and to put myself in a very like minded/motivated community!
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@David Kazarian Thank you! My wife grew up here and it is close to family so we are happy with it. Also I will be reaching out in the coming weeks, thanks!
@Kyle Galloway I can definitely provide the numbers we used on the house for the flip analysis but we have not officially decided on the AirBnb option yet. I am going to meet with an investor who has a experience with AirBnb's in the Michigan City area to get real numbers so I can better analyze my property. And I will be more than willing to share that info once I complete that step.