All Forum Posts by: Anthony Watkins

What are you charging for rent in Detroit? What zip code? How many bedrooms? Is it a section 8 tenant? I've been doing some research, running some numbers and at $800-$900 per month plus repairs plus the ridiculously high property taxes I would barely cashflow as a new out of state investor.  How are you making it work? Is Detroit even worth my time. (I'm originally from the Detroit so I know how rough it is)

And if you are one of the lucky ones who managed to purchase 15 houses for $10K back in 2010 thanks but no thanks (just kidding) 

Within walking distance. I will be at the next one!

I'm in about 5 different investment groups on Facebook and they all complain about wholesaler calls, wholesaler text, wholesaling postcards, etc. As someone who aspires to be a Buy and Hold Investor, I try to put myself in the other person's shoes when making these phone calls asking someone to sell their home for 40% below market value....and I can't picture a world where an investor would be excited to take that deal.

Seriosuly wholesalers, how many calls are you making a day, how many postcards are you sending out, how much money are you spending on ads and gas to Drive For Dollars? Are you texting? Is wholesaling worth it in a hot market? I can see how this was a lucrative business model in 2006-2012. But now...how do you stand out? 

I'm 4 weeks in and 0-25 but I've reached out about 200 times using different forms of communication. 

First of all, congrats on your first deal! I’m interested in looking out of state as well so I’ll definitely be checking out that website.

What made you pick Mishawaka, IN? Was solely based on price or do you have some connection to the area (family, friends, college roommate, etc)? Did you view the property in person? How are going about securing property management?

I was hoping to get some feedback from landlords about how you are handling evictions during this time.

That's a lovely price! I miss being in the Midwest. What type of improvements did you do with that $7400?

I have the opportunity to invest in a new townhome development. The offer was presented to me by a friend who is actively engaging in real estate investments. I’ve never done anything like this and I don’t know what questions to ask Or what I should be looking for. At this very moment there is no structure built, just land. If this were you and someone asked for $10,000 to invest in a new townhome development what questions would you initially ask? What homework would you do before considering the offer? 

Keep in mind the the only information I have is that the offer is there if I want to get involved.

My name is Anthony Watkins. I hail from Detroit, Michigan but I currently reside in Dallas, Texas. I was 16 in 2008 when the housing market crashed and I was unaware of what could come out of it. Only one person in my family took advantage of the times. Other than that guy; the Bigger Pockets Podcast has been my only source of knowledge. I'm interested in House Hacking and Single-Family Rental properties to start off with and get my feet wet in real estate investing. My ultimate goal would be owning commercial properties (retail stores and warehouses). 

This is just a little bit about me. I hope to learn more and make some meaningful connections. Thank you for reading!