All Forum Posts by: Doran Brooks

I haven't looked in Canton yet, I'll take a look. What's the neighborhood like? Yes and no to the agent question. I have a friend that showed me through a couple places, he owns 45+ houses. He is very helpful. He is very aggressive though, and I feel pressured a bit when going with him. So I have mostly been going to open houses on my own.

@Sarah Lorenz I will be working in Novi, so somewhere that is a reasonable commute to there. My budget is $275,000. I have been looking in Ferndale/Hazel Park, but I can only find duplexes for that budget and they don't seem make sense for a rental return. Where would you suggest? 

I love Ann Arbor, I have considered looking there, but I worry about the 45min+ commute, not that Ferndale is much closer. 

Thank you for the quick advise from everyone so far! 

@Keyonte Summers

- You make a really good point, that is one of the things I am worried about, as moving is already stressful, doing it every year would get overbearing. 

@Aaron B. Lewis

- I love what is happening with the region! I came in with the same attitude as everyone else (oh Detroit, it's going to be the ghetto) but I have loved coming to the area. I come every week for work and have decided that this is where I am want to settle for a while and start on investing. 

- Yes, I am very interested. I will shoot you a message! 

Thank you @James Wise! 

Hello All! 

This is my first time posting here on the forums and am excited to be here. I have been listening to the BG Podcast for some time now and have been working out my strategy for investing. 

I will be investing into the Metro Detroit area, where I will be moving to very shortly for a full time job. I make good money, and have small savings that I am actively working towards building. 

I would like to solicit some advice as I am new to the whole investment world; I am looking for a primary residence for myself and my fiancé, and I am torn between 2 options. 

1) Buying a single family for $80,000-$100,000 on an FHA, living in to for 1 year, refinance, move out, rent it, and repeat this again. Rents are $900-$1100 a month. which would bring $200-$400 in cash flow a month once I move out.

2) Buying a 2-4 plex on an FHA for $150,000-$250,000, living in 1 unit for a year (house hack), and then moving out into a single family as a long term primary residence.

I am finding it hard to locate a multiplex in the areas I would like to live, as they are either too far from work, or in very dangerous neighborhoods. Is there some way I can go about finding about more opportunities in my market area, other then the usual routes like Redfin/Zillow/Realtor/Local Office? 

Any advice would be great, and if there is anywhere else I should post this, please send me in the right direction. Much appreciate it!