All Forum Posts by: Connor Anderson

Hi Jimmy - First place I would is the MLS, I am still finding good deals for myself and my clients on the MLS. You do have to get creative when looking at homes though and find places that you can add value by doing work such as adding a bedroom, bathroom, or even converting into a multi-family property.

If you need help finding a great agent to help you with purchasing the property off the MLS, I would be happy to help!

You can find a deal that works well in Ann Arbor and Ypsilanti, it all depends on the amount of money you have to invest and also your goals. Once you narrow down the amount of money you have to invest, the cash on cash return you want to receive, monthly cash flow, what types of tenants you hope to attract, then you can pick your market. 

There are investors having success in every single market in the United States, the market you pick is less important than the strategy and execution in my opinion. 

Hi Grayson - I think it all depends on your market and the size of the city. If you are looking to do the rent by the room strategy it works best in large cities with a number of new people moving to the area for work that may not have friends or a family to live with. In markets such as Denver, Austin, or Seattle the rent by the room strategy is easy to find tenants for.

If the market you are investing in is small, more rural or suburban, you might have a harder time finding people who are only looking to rent a room.

Either way some of Facebook Marketplace, Roomster, Craigslist, are great places to find roommates. Just make sure you screen them properly!

Hi Carlos - Welcome! I invest and help investors as an agent in West Michigan. Let me know how I can help.

Hello fellow Michigan Investors! 

As an investor-friendly agent, I work with a number of clients at different stages of their investing journey and different levels of motivation. 

Some of my clients are ready to take action immediately, have realistic expectations, and are well-capitalized. These clients are great and usually are the ones that will buy a nice deal within the first 3-6 months of working with me.

Another group of clients are a little hesitant and need a lot of coaching from me to get them over the hump and are ready to offer. Some people never get over that hump.

My question to everyone reading this post is, what is holding you back from taking action and buying an investment property in 2021 and how can I help you overcome that hurdle?

Looking forward to helping everyone out!

Hi Michael - The midwest is affordable but for the most party median home prices have been pushed north of $150k and are closer to $200k. 

A city in Michigan where you can purchase homes for $50-$75k and likely ARV of $100k+ would be Muskegon. Lansing and Kalamazoo also offer similar opprotunies but are a little bit more expensive than Muskegon.

Hopefully this helps!

I would echo what others have said. Even though it is a family using a title company or real estate attorney will ensure that everything is filed correctly and that you end up with a free and clear title. I think this is especially important with family since someone down the road might claim this home as part of their inheritance, and they could have a solid claim if you do not have a clear title at the end of the transaction.

HI Alexandra! Welcome to BiggerPockets and the world of real estate investing! I was in your shoes when I first started, a young college student motivated but not sure what to do.

First you should spend the next 1-2 years in education and personal finance mode. I highly suggest books like Set for Life and House Hacking Strategies along with the Real Estate Rookie Podcast and BiggerPockets Money Podcast for this. 

After that start with buying one House Hack a year for a few years time. It is the best way to start out in real estate investing. Continue to educate yourself in this time as well but on bigger potential projects.

Once you have a few house hacks honestly the world is your oyster! You can go in any direction you want with your life and your investment career!

Best of luck and do no hesitate to reach out, I invest and work as an agent all over West Michigan.

HI @Xavier Begerow Welcome to BP! I invest and work as an agent all over West Michigan. I would be happy to chat a little real estate investing any time.

Van Ed and Aceable Agent I have heard are good options. I did not like the course I took, Holloway Institute, so I would not recommend that.