All Forum Posts by: Corey Hajduk

Hey Guys, 

Well my grandparents are getting up there in age and have started deciding on what to do with their belongings when the time comes for them to pass. They currently have 2 vacant lots in a nice little resort tip setting in Northern Michigan called Lakes of the North located in Mancelona, Mi. that they want me to take control of. It's a beautiful Community with a golf course, pool, air strip, riding stables, camp ground and much more. It would be an amazing spot for a little get-away home or cottage. Lots range from $1100-$7000/lot (depending on the location), from looking at the available lots on the market I would assume that these specific lot's would go for about $3000each but the taxes and membership fees are $810/year. There are ALOT of available vacant lots on the market so I foresee getting stuck in a money pit on this before I can sell them, that's even if I would sell them before my Grandparents pass because they bought this property with a lifelong dream of retiring up there and want to keep the lots "in the family" so i feel it would be insulting and a smack in the face to them if I just turned around and sold them.

I guess what I'm trying to get at here is maybe some brain storming on some possible routes that I could take so as to keep them in the family for the time being while not losing my own money on taxes or membership fees....Please, any help or suggestions would be great.

@Joe Fornasiero....Sorry I can't be much help for you here but I just wanted to at least jump in and follow this thread. I am 25 from Howell, just purchased my first single-family and looking at getting into the multi-family market soon. Hopefully we can keep in touch because I'm interested in seeing how it works out for you. SOunds like a great plan and I wish you the best of luck.

Good afternoon,
Just want to say welcome from one newbie in michigan to another. I'm basically in the same situation as you and just starting out but if you ever have any questions or just want to get a second opinion on something feel free to ask away. Good Luck

Corey

Thanks Emily. I appreciate it.

Brandon, I sent you a message

@Geof Greeneisen, Geof would you mind if I sent you a colleague request?

Haha, I'm kind of glad you couldn't capture the smell. It looks great though. Good job.

Just out of curiosity, how long was the rehab and did the previous owners/title owners just let it sit like that for the full 7 months?

Sorry if this is a little off topic but I was curious as to if there are any home inspectors that I can connect with and pick their brains on the subject. I was offered the opportunity to tag along and shadow a very reputable home inspector to teach me the ropes and undoubtedly I am going to take him up on the offer but I can't until I am done traveling for my current job. I would like to obtain any knowledge on the subject that I can so I don't show up completely in the dark. I have done my research on the subject but nothing compares to a good ole' fashion Q & A.

Thank you, Much appreciated. I have entered the keywords and will be checking in quite often.

Good Afternoon everyone,

I am a new member from Howell, Michigan. I have literally just started getting my feet wet and looking into real estate investing. I currently work overseas in Afghanistan as a private security consultant and my goal is to use the excess income I have now to help build a security net for myself and my young daughter. I was wondering if there are any Home Inspector on here that I could maybe connect with and pick there brains on possibly going that route for another source of income when I decide to come home and to help me get into the real-estate scene. I do not wish to make real-estate a full time career but it has always intrigued me and would love to eventually own a few single-family or multi-family rental properties. Any help or suggestions would be greatly appreciated. 

Thanks, 

Corey