Originally posted by Mark Yuschak:
Welcome from Grand Blanc!
Where are you properties located?
I've been snatching up some really great deals as of late too in the Flint-metro area (mostly rehabs, but also some rentals here and there). I don't think that we're out of the woods yet with the poor economy in Michigan - instead, it seems that the newbie investors and out-of-towners are artificially inflating the housing prices. If the core buyers in the market were the same as we had two years ago, you wouldn't see the incline in prices. They'd still be low.
As a fellow broker/investor, I can say that some of my best deals I came across were due to me being agent. Had I not been an agent, I would have never seen the deals. Your wife having her license is a great way to gain access to the MLS, and to be one of the first to get your offers submitted.
Best of luck in your investing goals!
Hi Mark, Most of my properties are in the Marlette area. I've looked in Lapeer but they don't seem real landlord friendly to me. When i said the economy was on its way back i meant from a manufacturing view point. I work at a steel manufacturing facility in Warren and we've doubled production since this time last year. Michigan was the first to be hit and i believe we will be the first to see the rebound start to come but it will take longer than most states to fully recover here. we have seen a little inflation in the housing market up here but i assumed it was first time buyers trying to get the tax credit. We shall see in the next couple months. I did hit my goal of buying 3 houses this year. Just had my offer accepted on my third house on Thursday, now if i can have them all rented in the next couple months i might try for a forth :mrgreen: Starting to become addicted to REI. Building wealth is way to much fun!
