All Forum Posts by: Brian Beadle

Thank @Steven Gesis, The contractors we will be working with are the contractor that our lender has been working with on all his past 203k's so we shouldn't have a problem there.  I just wanted to grab a second opinion on the cost since this is new ground for me.  Appreciate the great advice!

Hello all, I have recently decided to try my hand at a 203k and see what all the trouble is about. It seems pretty straightforward, as long as you have your contractors in agreeance with your payment terms then you shouldn't have too much of a problem. The only thing that is worrying be a bit is these closing costs. I know 203k is an expensive loan to begin with but does this see correct to you?

Hey Guys, I’ve recently decided to switch my investing strategy from rehabs to B&H. I look back and see all the homes I have rehabbed and wish I was holding those as a long investment vs a quick profit. My 9-5 is going great and I will be looking to buy for a personal residence sometime this year (150-200k). The plan is to house hack my way to a nice portfolio.

Currently in my market (Lansing, MI) I am having trouble finding duplexes in my price range that will benefit from any forced appreciation or rehab. I have found quite a few single family properties that would be great for a slow 2 year rehab but that is again going back to the wrong strategy.

I would like to stay in B neighborhoods since it will my personal residence and the fiancé probably wouldn’t appreciate me buying us a C area fixer.

My current idea would be to buy a single family for rehab and sell or refinance in 2 years and put the profits towards a fourplex or something similar.

What would you do in my position?

Im curious as to which strategy everyone is after these days. I realize this is a very location sensitive post so if you could provide your primary investing area it would be extremely helpful. I feel most newbies (such as me) are too focused on the monthly cash-flow, AKA the monthly number that allows us to quit our beloved day jobs, while the true wealth is generated slowly from the leveraged investment appreciation.  

@Shane Casad @Brett Russell 

Im trying to get a Lansing BP meet up scheduled sometime in the near future. Check out my post here and drop in some thoughts!

@Mike Johnson @Jon W. 

Im trying to get a Lansing BP meet up scheduled sometime in the near future. It would be awesome if both of you could make it!

Have a look at the event and happenings page here and drop in some thoughts.

If anyone is interested, I would love to make this a quarterly or monthly meetup. Let me know your thoughts.

Hey everyone, I've just recently moved to the Lansing area and I'd like to meet some of you lovely natives and talk real estate. Experience level doesn't matter so long as you have an undying passion for real estate, or any investment vehicle for that matter. The date and location is still up for debate based on when everyone is available. I haven't had a chance to make it to any of the other meet-ups so its finally time to meet some of you wonderful people!

Hey everyone, I've just recently moved to the Lansing area and I'd like to meet some of you lovely natives and talk real estate.  Experience level doesn't matter so long as you have an undying passion for real estate, or any investment vehicle for that matter.  I haven't had a chance to make it to any of the other meet-ups so it finally time to meet some of you wonderful people!