All Forum Posts by: Christopher Franco

hello everyone! Also looking into adding an ADU to the back of my property. Has anyone heard or have had experience with the company cover build?

@Eric La Pratt

@Ciprian L.

Hi Guys,

Thank you for the warm welcome.  Nothing under contract currently--still in the discussion phase to see if it's worth it.  It would on the upper east side close to hazel park, 2b/1b, detached 1 car garage.  I tried to gauge the rent in the area and I think it could easily go for $850/month and I factored a 10% vacancy.  I think the place is livable but I'd say the repair would be around 15k (not really sure until I have someone visit the property).  Property management can be managed by my family from the area.  Let me know what you think!

Thanks again,

Chris

Hello All,

I am a newbie when it comes to REI and have been stalking this site for a couple months now. I have lived in the Los Angeles area for about 9 years now, but I was born and raised in Michigan. I'm looking at investing in a buy and hold property in Ferndale around 65k that will need work; however, I have no idea where to start since this will be my first property. I have family near by that could help out. Please let me know if you have any advice!

Best,
Chris