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Updated about 6 years ago on . Most recent reply
Looking for realtors/real estate investors in the Ann Arbor area
Hi all! My name is Reed Cao and I am on the lookout for potential real estate investing / networking opportunities in Ann Arbor. I now live in Tucson, AZ but am back for the holiday break, and will be in town until the 24th. While visiting Ann Arbor, I began to think about how I might want to invest here, given the fact that I grew up in Rochester Hills (where my parents still live) and went to school at the University of Michigan (graduated in 2016). Going to college in Ann Arbor really helped me understand the rental market, and that aligns with my buy and hold strategy. If there are any realtors/real estate investors in the area that would be willing to meet up, I would love to get the chance to meet you and discuss opportunities for both of us. Thanks!
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Thanks, @Joshua B.! Yes, after living in A2 since 2000, I've watched the market obsessively and there are definitely opportunities. But there are a lot of buy and hold investors who will snatch up any good deal on the MLS within 24 hours, and many are done off-market. You have to be strategic, and there are a number of ways to do that. I finally got my real estate license because I would watch deals go by that I couldn't pick up myself--I figured that I might as well help other people buy them. But it definitely isn't for everyone--this is not a 100K market. There are a lot of those in southeastern Michigan, though.