All Forum Posts by: Douglas Christian

I am full time and to get to that point it took many hrs, but used wisely. You must set your business up to be run as a business. Meaning all the paperwork, LLC, business cards, postcards, member of your local REIA, signs and then you can go out and start looking for homes in the neighborhoods that you would want to purchase and become a landlord. Now if you are looking in areas where you would want to live and not rent then you do not plan on making money. Also, be ready mentally and physically to become a landlord. I always suggest going to the courthouse and spending a day sitting there so that you can understand the process of evictions and here the various arguments. Once everything is in place and you feel comfortable with it then you duplicate the process and tweek as you go. Not hard, but not easy, but worth every moment.

To me it all depends on which angle you are trying to take. I am a LONG TERM investor. I have properties in MI and they are doing quite well. Buying good SOLID investments and putting a good rental rate on them and allowing the tenants to pay the mortgage down is the game for me. I hear many STILL talking about buying to FLIP or RESALE. Wrong time and DEFINITELY the Wrong market and to me that goes for across the country. Real estate investing was made for LONG TERM wealth not this short term get the QUICK CASH and run that has RUINED a good opportunity for many. If you are considering getting into the game you would want to start in a place that properties are AFFORDABLE and you can RENT out. There are many people who still live in the MI area needing homes. What they have now is a lot to choose from and that makes your job that much more difficult. But, please do not be fooled many cities across the country are faced with the same DILEMNA it is that they were not thrown out there like Detroit because of the car industries. If I was going to take a risk I would take one there and make it a CALCULATED RISK. Stop looking at the other places and what they are doing if you are going to be an investor, then do your due diligence and become an investor.

What happened to all the MADOFF people who were SCAMMED? Get this I could have taken one of them and bought them an apartment bldg in MI and they would not be in the PERDICAMENT that they are now. This is why I tell people I control my own DESTINY and do not ALLOW other to do what I am capable of doing. I can waste my own money. See but in America that made to much since go and buy something that would give you a monthly and yearly return. Well that is enough for now, but for all of you that are trying to figure the RIGHT SITUATION, the RIGHT TIME or the RIGHT PROPERTY.

Now is the time and who really knows if it will be the right situation, but at least you will have taken the proper steps to see if this is for you or not.

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Hello Tamarra

You seem to have a real understanding, but in todays market that does not cut it. You have to be able to show me something. You are selling me a home and when I ask you the question do you own any yourself and you tell me NO, I will definitely take that into consideration. When I first started had little money and GREAT CREDIT, now I have PLENTY OF HOMES and REALLY GOOD CREDIT. It was something that I wanted to do and I am fulfilling my dream. Never even thought to wholesale properties, it just happened because I was making so many contacts in my everday dealings.

Please send me your contact info and I am going to send you a lead in your area. See just that fast things can start to happen.

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Curt, Mike and Richard as you have notice the recent trend. I have noticed that tons of people who come on hear say that they are going to start out wholesaling. How is this possible? I have been an INVESTOR for 8 yrs own more than 25 properties and still am wondering how can someone who either lost their job or never had a interest in this can come in and start making money. Everyone is trying to become a wholesaler, but you do not hear any of them saying that they want to start out becoming a landlord. This is a MAJOR problem because until you purchase a few you will never know the real ins and outs of this business. Borrow or use 401k, but purchase and then you can start receiving cash.

The funny thing to me is I wonder how many of these NEWBIES have spent money with the tape and book sellers. You are how they are able to purchase properties now. DON'T YOU GET IT. Buy from me and find others to help you figure out the rest.

Believe it or not I see this PHENOMENOM getting worse as the MARKET gets worse. That means we are going to have INEXPERIENCED people trying to do what it took years to perfect. Well I wish you all well, but anything worth having does not happen over night.

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Still not understanding. Are you looking for good wholesale deals? Do you have the CASH to purchase these deals? If not what are you looking for from a wholesaler? Again what areas of interest? I will wait to hear back before I respond.

Well I will share my strategy about the taxes. Before I buy the home I go and speak with the city about reducing the taxes and so far 100% they have agreed and reduced the taxes TREMENDOUSLY. You just have to show them the reasoning behind your request. Vacant and no taxes or occupied and helping out the community and some taxes. It is all about your NEGOTIATING level. That strategy can be used in EVERY CITY across the country.

I usually charge for this information, but because of the GREAT INPUT I will let you have it for free. Remember if you don't ask you will never RECIEVE.

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I agree with what has been said, but I still invest in Motown. In and around the area. I grew up there and still have family there. I have been successful with my investing there because I know what I am doing. With that said, there are many areas that will feel a DEEP depression like Detroit in 2010. Foreclosures keep rising and states loosing tons of revenue.

What is the solution? Well if you are an investor and a true one. You look at the opportunities and not the NEGATIVITY. I have been investing for over 8 yrs and all I have heard was not to, but if you do not invest in real estate what do you invest in the stock market, or your 401k so that they can take that from under you.

To me real estate will always be the number investment tool for creating wealth and CASH FLOW. But, it has to be done right. You can pick wherever you feel comfortable, but at the end of the day as long as you are happy and making money then you are on your way.

Detroit for me was a no brainer because prices and quality of the properties that I purchase. When I am in for 10-15k and getting $550-$650 no matter what the nay sayers say I SAY YES, YES AND YES.

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Welcome

I am sure will enjoy all of the information that you have. This is the best information on the market and it is FREE.

Once again welcome and enjoy.

Angela if the deal is that GREAT. Borrow the money from someone and pay them a higher interest rate to get it for a short period of time. Get a CASH advance if you know for sure the DEAL is that GREAT. The person or note buyer or whom ever you are passing the deal through offer it to them by allowing them to put the money up for you. I don't know if it is that GREAT of a DEAL if no one in your area will not touch it. Take it to your local REIA and see if someone there will help you out. Family, friends, co-workers, local church, if it is that good you should be able to find the CASH to get it done.

Much success

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Rich and Gera

You both are correct. It does not matter it seems like everyday someone is licensed to become a crook. Attorneys, appraisers, realtors and contractors alike. I really believe that you will see justice in one shape form or fashion. Don't give up and don't give in. I think more people should know about these crooks and scams and please continue to notify us of YOUR CONTINUED SUCCESS in tracking these CLOWNS. My deepest apologizes to all of you and I mean that. Some how you will receive your JUSTICE.

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