All Forum Posts by: Bethany Rogers

Welcome to investment world of real estate. When the owner lives in one of the units; you can ask around for credit unions and banks for loan purposes. As some institutions have different requirements when it is partly owner occupied.

There are real estate meet ups in the area that you can attend and gain insight. Even the regular RE meetings would give perspective on buy-rehab or rentals. Some of these would help you to know how to add value by buying distressed asset too.

Good luck

Thank you Saravanan!

0 Votes

Ann Arbor, Michigan

Originally posted by @Sarah Lorenz:

Thanks, @Joshua B. If I had bought small multi-family when I moved to A2 a few years back, I'd be retired now instead of doing live-in flips. Hindsight is 20/20. Welcome to BP, @Bethany Rogers I would say that duplexes are feasible for most people in the A2 market, and you can sometimes find houses that are currently single family but can be converted to duplexes due to the zoning or the ADU ordinance for owner-occupied homes. Anything larger than a duplex is harder to find and there is fierce competition from investors. There is also an interesting little short-term rental market in town. Lots to explore.

Thanks @Sarah Lorenz - a duplex is certainly something we'd be interested. I'll also look into the ADU ordinance. I would love to pick your brain on how to think about comps in your experience.

0 Votes

Ann Arbor, Michigan

Originally posted by @Joshua B.:

Originally posted by @Bethany Rogers:

Hi there,

I'm a new to BP. My sister (who lives in Ann Arbor) and I are looking to buy and hold a multi-family property in the Ann Arbor area. She would occupy one of the units.

We are looking to meet real estate agents who specialize in this area as well as attorneys who could help set up the appropriate business/partnership structure.

I understand the market can be tough - any advice on the above topics ad on starting out in general is much appreciated!

Thanks in advance,

Bethany

@Sarah Lorenz is an investor/agent in Ann Arbor. She's done some very successful flips/renovations in the area and knows Ann Arbor prices like the back of her hand. She's closing in a few days on her latest and greatest live-in flip (911 Robin in Ann Arbor), which is being featured in the spring remodelers tour: https://expo.mlive.com/news/g66l-2019/04/382afc183...

She's also radio famous now as she was invited on to the local station to talk about her project!

Thanks so much for the introduction @Joshua Birk!

0 Votes

Ann Arbor, Michigan

Originally posted by @Tony Brooks:

Nice to meet ...I invest in Ann arbor/ ypsilanti I have some good connections out here send me a private message and I can share. I also can show you some of our past and current projects if interested. Thanks and good luck!

Thanks @Tony Brooks - I need to figure out how to PM :)

0 Votes

Ann Arbor, Michigan

Originally posted by @Scott Matthew C.:

Originally posted by @Bethany Rogers:

Hi there,

I'm a new to BP. My sister (who lives in Ann Arbor) and I are looking to buy and hold a multi-family property in the Ann Arbor area. She would occupy one of the units.

We are looking to meet real estate agents who specialize in this area as well as attorneys who could help set up the appropriate business/partnership structure.

I understand the market can be tough - any advice on the above topics ad on starting out in general is much appreciated!

Thanks in advance,

Bethany

Would a duplex be in your wheelhouse?

Welcome to BP!

Check out your local MeetUps/REIAs. Ann Arbor and Brighton are the closes, the other ones are a bit out but worth the drive. Southfield and Troy.

Best of luck!

Thanks for all the responses!

Thanks for all the responses

@Scott Matthew C - a duplex would be in our wheelhouse. We will check out the Meetups/REIAs. - a duplex would be in our wheelhouse. We will check out the Meetups/REIAs. Thanks for your help!

0 Votes

Ann Arbor, Michigan

Thanks for all the responses

@Scott Matthew C - a duplex would be in our wheelhouse. We will check out the Meetups/REIAs.

0 Votes

Ann Arbor, Michigan

Hi there,

I'm a new to BP. My sister (who lives in Ann Arbor) and I are looking to buy and hold a multi-family property in the Ann Arbor area. She would occupy one of the units.

We are looking to meet real estate agents who specialize in this area as well as attorneys who could help set up the appropriate business/partnership structure.

I understand the market can be tough - any advice on the above topics ad on starting out in general is much appreciated!

Thanks in advance,

Bethany

1 Vote

Ann Arbor, Michigan

All Forum Posts by: Bethany Rogers

Bethany Rogers has started 1 posts and replied 8 times.

Post: Bay Area - Napa Meetup

Post: Starting out in Ann Arbor - Seeking local introductions

Post: Starting out in Ann Arbor - Seeking local introductions

Post: Starting out in Ann Arbor - Seeking local introductions

Post: Starting out in Ann Arbor - Seeking local introductions

Post: Starting out in Ann Arbor - Seeking local introductions

Post: Starting out in Ann Arbor - Seeking local introductions

Post: Starting out in Ann Arbor - Seeking local introductions