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Updated about 5 years ago on . Most recent reply

User Stats

20
Posts
5
Votes
Collin Vosburgh
  • Otsego, MI
5
Votes |
20
Posts

New to Kalamazoo - need to get this going!

Collin Vosburgh
  • Otsego, MI
Posted

Hey everyone. I am new to investing in the Kalamazoo area. Plenty of research and studying but I really need to take action now! I would like to be able to connect with anyone who can help, give advice, maybe help work out a deal with someone? I am torn between moving into another house with my fiancee and kids and renting out our current one or staying and buying a multi unit in our area of Otsego, Plainwell, Allegan or even Kalamazoo. Or even flipping a house if possible but I am mostly interested in buying and holding right now unless a real good deal comes along that would work. We're fairly new to the area (we moved here from Chicago a few years ago) so any advice would be greatly appreciated! Thanks! 

Most Popular Reply

User Stats

80
Posts
26
Votes
Paul Doty
  • Bellingham, WA
26
Votes |
80
Posts
Paul Doty
  • Bellingham, WA
Replied

Hi Collin,
I've had my eye on Kalamazoo for a while. Still figuring out what to do too. What are your goals?
I'm interested in buying rental properties with decent cashflow.

The house you live in now, would it make sense as a rental? Could you have positive cashflow with minimal equity left in? I ask, because where I live, to have positive monthly cashflow requires $200K of equity to be left behind. Who has that kind of money? Haha

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