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Updated about 6 years ago on . Most recent reply

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9
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1
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Sam Hoesch
1
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9
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Found a Great Deal in Holland, MI... Wondering What To Do Next?

Sam Hoesch
Posted

I found a really good deal in West Michigan, it's a sizable property that could easily be converted into a two family home. I'm wondering what to do next? I would personally love to buy it to house hack but I am already living at home with my parents to pay off student loans so I get free housing along with free food. It seems like a great property that could make about 1000-1200 after the mortgage. So maybe 600-800 after everything else? What would you all do? I'd like to by able to wholesale it but I'm not very connected in real estate and am somewhat nervous to put myself out there in this sense because it's never something I have done before. Any advice would be appreciated.

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8
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5
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Travis Dreyer
  • Rental Property Investor
  • Holland, MI
5
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8
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Travis Dreyer
  • Rental Property Investor
  • Holland, MI
Replied

Hey Sam , 

I know people who would be interested, myself being one. I'm from Holland as well.

Another thing you could possibly do depending on how nice your parents are, is to buy it and rent it out while still living with your parents. And then decide later whether it's worth converting into a 2 family. 

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