All Forum Posts by: Adam Vasquez

Hey guys! I am currently unemployed due to covid but I have great credit and over 25k ready to use...Anyone know of any banks in Detroit MI who will give me a mortgage on an income producing property based solely on the income from that property? Trying to avoid the hard money because I'm going to do a buy and hold. Thanks for the help!

@Joseph Schweizer thanks so much for the input! I'll definitely check them out.

@Keleisha Carter thanks for the response! Im looking in detroit MI. I live in California so its just a tad bit far. But ok ill definitely look into those and see if they work with deals in detroit MI.

Hey guys, anyone have any experience with turnkey rental properties out in detroit? Any advice or company recommendations? What to look for or what to stay away from. Price range is 25k-50k

@Carson M. I will definitely connect with you. Thank you so much for offering your guidance. I've still got a lot of research and homework to do. Im figuring out how to find deals and trying to determine what kind of funding I can get. Im intrested in single family homes. So far I've found a few on zillow but trying to expand my research sources.

@Luis Sanchez Rodriguez I agree, I know many man MANY California's who have moved or looking to move out of state, myself included. We were looking into Texas and I know quite a few ppl look to rent first for a few years so that seems promising. Cali is WAY too expensive and I too was looking for my first rental property to be in another state, I was looking into detroit MI. I have family who have some rental properties out there.

Hey everyone! If I was intrested in getting my first rental property using the BRRRR method in another state, should I look for a local lender in my area or a lender from that state im looking to buy?

Also, which type of lender would be more willing to lend without showing proof of income. I can show tax returns but with covid, showing the last few pay tubs might be a problem.

Thanks so much for your help, looking forward to getting started