All Forum Posts by: Brett Miller

Are you on a month to month basis or a yearly rental? I usually (Michigan) always write my contracts to be month to month because eviction is generally quicker I find with month to month. Most will give you a heads up when they are about to leave anyway. Also raising rent is easier as well because your not “locked” into a Set amount  for a year at a time. Idk I’m sure some people won’t agree but month to month has always worked much better for me. Something to look into maybe for future endeavors.

I've mentioned before that many of my flips I got were all circumstantial deals where people HAD to sell. These deals can hit the market and sometimes you can find them on the MLS. Weirdly Facebook marketplace/group has been a decent spot to locate deals as well. Join every real estate group in your area and look. You would be surprised what pops up. Another one? This one is tricky but can work if done properly. Look for properties in pre foreclosure and try to contact the owner. Most are angry and will take it out on you. Most of the time I feel like they don't want to believe that the foreclosure will actually happen but as time gets closer to the auction date it's either sell or lose your whole house and get nothing. You can find out generally what they owe on their property too which can be helpful when negotiating/writing a offer. Many will tell you no but all it takes is one. The key here is having cash and being able to close quickly (I aim for around 1-2 weeks because usually time is of the essence in these situations. I'm rather new to this but if you ever need help let me know! I'll try my best to answer any questions I can. Also driving around making a list of potential properties that interest you and sending them a letter or calling them. Persistence with all of this is key.

Auction.com - for pre for closure homes

Been verified-  for checking records and finding phone numbers. 

County assessor or equivalent in your area for looking up property owners names recorded sale. 

I’m seeing houses on the market much longer and sellers willing to negotiate on price without multiple offers being thrown at them. Truthfully I have not seen this side of the market in my area for a very long time. It’s actually exciting looking at properties again knowing that I’m not trying to beat out 10 different offers. How’s your market changing if any? 

So do you guys think my most viable option is pulling equity out of my current house and purchasing the farm and then refinancing the farm once I own it to pay off my Heloc? With the property needing work can I still get it refinanced without an issue? As always appreciate everyone’s help. 

I purchased my first property around 2012. At the time it was really a no brainer because in my area you could buy a house for about the same price as a new car! I’m talking 3 bedroom 1.5 bath ranches for 45-65k. INSANE . At the time it seamed risky but those same houses now sell for around 200k all day. Should have held onto them if I knew what I know now. 

Okay guys looking for some advise. I currently have two properties. A single family home and a 4 unit Multifamily. Both are paid off besides a $35,000 Heloc I have on my single family personal home. An excellent dream property just popped up for sale I would love to move to. its a farm with 15 acres but the terms are cash only because the house is in decently rough shape. The farms property is highest and best by September 1st. If all goes right I should be able to take out equity out of the new purchased property to fix it up and make it beautiful because it’s way under market value. The problem I’m having right now is how do I finance this deal having to show proof of funds without enough time to sell either of my current properties? My Single family property is valued at around $225,000 and my Multifamily is worth right around the same at 225-250,000. How would you go about this? Ideally I would love to keep both my current properties and rent out my house I’m currently in for some extra income. the farms value is around $450,000 fixed up and I’m hoping to get it for 150-165,000. So if you were in my situation what would be your options? I essentially have 20 days or so to make an offer all cash no contingencies (probate court). I’m thinking maybe a bridge loan ? Hard money and pay it back with a refinance? Any insight to this will be extremely helpful and appreciated greatly! Thank you!!!!

I started investing around 22. My dad started buying property and everyone thought he was crazy at the time! (This was around 2012-2016) The first property I ever bought was a 3 bed 1 bathroom house in a great area for…$32,000. The kids were trying to sell their mothers house because she was going to a senior home. It needed primarily cosmetic fixes and was an absolute steel! I found that property on Facebook out of all places. Somehow my gf seen it and told me about it and I had a PA signed with them within a hour. The best deals I have ever had all dealt with the same issues Death, disease, Divorce. I bought a 4 unit from an old man well into his 80s who was terminally I’ll and wanted to sell the building I bought it for  $85,000 and it has increased dramatically over the years.I’m in the same boat as you! I want to buy so many more properties after taking too long of a break without any deals! The market up until recently was exhausting looking for anything of value in my area. Anything that had even a smudge of equity left in it was ate up by 10 offers all well over asking. I’m finally seeing houses stick around the market now and even dropping in price. I think this slow down will be a good time to start buying up some more deals! 

Hello all!  New here but not new to real estate investing. I was a realtor for a few years and also have done a few flips.  I currently own a four unit Multifamily building in Genesee county Michigan. I would love to start networking with fellow Michiganders to start doing some fix and flips again! I’m rather handy when it comes to fixing things and I’m currently an electrician which can come in handy. I can bring cash to the table and have another partner that will also contribute financially. I really enjoy talking and discussing real estate…Feel free to shoot me a PM or leave a message to introduce yourself! I appreciate everything biggerpockets offers as well as everyone’s insightful information they contribute. I look forward to continuing my real estate education/investing and meeting new friends along the way! Thanks for reading! - Brett