All Forum Posts by: Christopher M.

@Debbie Pelloski Welcome to BP and RE investing! Ferndale is a great area for rental properties.

@Alexander Mair Shoot me a PM we will talk.

Hello @Bob Budiongan

And welcome (back) to BP!

The city of Detroit was build to house 2.5 million people, but only around 700,000 live inside the city limits. That means there is zero scarsity in the housing market. You may never see 100% occupancy. 

I recommend that you run your numbers based 20-30% vacancy at all the times.

@Michael Arnold

I would leave it how it is and get it on the market sooner. Let the new owners paint if they want.

By the wayPainted brick is HATED in metro Detroit.

@Jenny Stallings

There is a lot of great information in this thread. 

The bottom line is most title companies are interchangeable. Some are great, while other are less then great. Even under RESPA if the seller is paying for title insurance for both the buyer and the lender, they can dictate the title company. A split closing is always a possibility, but could end up costing you more.

One last note. I would be remiss if I didn't mention, Only around 45% of FSBOs that go under contract actually close for a wide variety of reasons. So Don't get too attached to any 1 house. 

Feel free to PM or email me.

Hello @Olivia DeMarco,

I am in RE sales and leasing. I am trying to start buying small to mid-sized Multi-family properties in Washtenaw and Wayne Counties. 

What about you? What areas are you targeting? What type of properties are you looking to purchase?

Hello @Joe Kemnitz,

What are you target areas?  

Hello @Davena Hanna,

Welcome to BP and the wonderful world of RE investing!

@Brandon Simas
Whats the zip code? Good comps can be hard in some zip codes and others are appreciating very quickly during this spring buying season.