All Forum Posts by: Christopher M.

@Thomas Burke

Are you asking if youe friend should go with an agent or FSBO?

I obviously have a bias. I believe the question should be "should I hire a strong agent or do I have the capacity to sell it myself?" You said he lives in another city, do you mean like Ferndale, or like Los Angeles? Because out of town FSBO is a bad idea.

In general, a strong agent will get the average seller 11-18% more than if they sell FSBO in a shorter amount of time.

One of the huge exceptions is experienced RE professionals (investors, mortgage brokers, etc), they tend to get what agents will get them. 

PM me if you want to talk specifics.

@Account Closed

Dan Gilbert, owner of Quicken Loans and the Cleveland Cavaliers, is buying up most of Downtown and Midtown. He own over 100 buildings.

Areas closer to downtown are seeing most of their investments.

Any area can be made to work but I would advise an out-of state investor to avoid SFRs.

@Jay Hinrichs

You're probably right.

@Victoria C.

In my opinion the name of the game is "Follow the Billionaires". Buy Multi-families in areas where the Billionaires are buying. I would say avoid SFRs entirely inside the city.

@Frank Capaldi

I can't speak for the other markets, but Detroit is heating up. Although I would hardly call it "a hot market". I think if done right buying in Detroit could be a great investment that sees lots of cash flow and appreciation over the next decade. But if done wrong you could very easily lose all of your capital.

@Demario Lewis I would say contact your tenant and see if they are paid the PM. Additionally I would fire this manager as soon as the contract allows for it. If its like this in the first month it will only get worse. 

Did you sign a contract with them?. Do they know that they are still your PM? Have you tired to contact your tenant to see if they paid rent to the PM?

Hello @Frank Capaldi

What is it about these markets that interest you? I can answer some questions you may have about Detroit. What would you like to know?
@Frank Capaldi

Hello @Pietro Gaglio

Welcome to BP! and Welcome to the world of RE investing! I personally dislike most paid coaching programs. I think the best way to learn is from books and trial and error. Also there is so much information on this site. Please don't hesitate to reach out if you need any help.

Welcome to BP! And welcome to Ann Arbor! U of M is a great school. 

What areas do you intend to make purchases? 

@Travis Walker

Welcome to BP! Depending on which direction you intend to go you should consider the Ann Arbor REIA as well. You seem like you are off to a great start, But Feel free to reach out if you have any questions.

As for the Fun Fact: When I was 13 I threw up on the alter at my church