All Forum Posts by: Bryan H.

I currently have 2 properties that I have done the numbers on and I believe they are pretty solid deals. I have experience working with my 2 buy and hold deals that I renovated myself without contractor help. Both of my current properties are cash-flowing $850 each per month and I am looking to expand while finishing up my residential builders license. 

The first property is the multifamily property currently owned by the city. I am working to get hard money for this property and I believe it would take 3-6 months to renovate with contractor help. The estimated ROI on the property would be 127% year over year assuming a down payment of 20% as it would be refinanced as a primary residence. This assumes that it is rented out as residential and not commercial as it is classed for both. It includes a second lot next door that is also zoned both residential and commercial which means the rent may be increased if it is rented as commercial. This area has been increasing in value over the past ten years and they are about to see a huge jump with two well-known employers bringing both white-collar and blue-collar jobs.

The second property is a single family that is currently off-market but was on for 5 months prior. I have talked to the owner and he is very motivated to sell. The property is in disrepair and is way below market value due to that reason. This property is small and has a lot of chance of upside for a fix and flip or a fix and hold. If it is to be fixed and flipped the estimated ROI would be 530% putting only 20% down on the purchase price and the renovation being 100% financed. If it was to be held and rented out long-term the estimated year-over-year ROI would be 67%.

I am looking to grow a lot in the next 5-10 years when it comes to my real estate portfolio and I think these are the next few steps. The ROI on these properties is pretty grand and I do have experience behind me with prior deals I have done that show I have gotten other unheard-of ROI's. My first (and worst) deal is a single-family home that is currently rented out and has a yearly ROI of 30%. My second deal was another single-family home that is also currently rented and has a yearly ROI of 51%. Both of these deals were market and currently sitting above water if selling was required.

Who I am looking to partner with? I am looking to partner with anyone with a passion as deep as mine in real estate. I am willing to look at financial and sweat equity partners. I am wanting to grow my network of people who are real estate investors in any kind of real estate. I think that the more people the more opportunity to find and make money on great deals. Even if you don't want to partner please feel free to reach out I love learning new things and teaching and helping others while I go. If you are interested in talking further please comment or send me a message I normally respond within 24 hours and can give you more information on the deals listed above.

We provide a full-service Management company from Battle Creek to Detroit and everything in between.

Providing hospitality at the highest level, we are here to serve every Tenant a wonderful experience. We provide monthly updates to both tenants and owners and have an in-house maintenance and renovation crew. Unlike with the bigger guys, you will get a custom experience (and price) with us that perfectly suits you and your investment needs including mortgage payment guarantee insurance so you don't have to worry about nonpayment of rent. As an owner, you can have the assurance that it will be a hands-off experience and that your property's revenue potential will be maximized as we have done with our current Clients as well as our own private portfolio. 

Please feel free to contact me by leaving a comment, direct messaging me, or emailing me at the listed email below if you would like more information.

E: [email protected]

Hey Connor, I agree with Jerryll. No list will get you the quality of leads you are wanting. There is 2 major ideas to keep in mind when it comes to marketing. Quality and Quantity. Yes, could you get someone cold-calling or door-knocking doors? Yes absolutely I know I have done it but compared to the type of people who reached out to ME instead of the other way around it was a massive difference in attitude and motivation to move forward in the process. Unless you are living on ramen noodles and barely scraping by (most aren't) I would advise you to go one of two options. 1 understand that you can allocate 300-400 a month to a pretty decent social media marketing campaign to get in front of those people who are wanting to sell then once you have a few deals under your belt let the profits continue to pay for lead gen and growth. 2 understand that you don't have the budget to do mass marketing just yet and look at the deals on Zillow or another site like it and find an okay deal you can work and start getting cash-flow to start paying for the marketing needed to get better deals. I like where your mind is at and you are headed in the right direction just keep solving these problems and you will be where you want to be in no time!

 Hey Vincen, that is fantastic to read. That is very possible, now the next questions are who, what, where, when, how. Who do you want to manage your properties and do the day-to-day tasks? What type of investment and what type of properties do you want to get involved in? Long-term (traditional) rentals? A short term like Airbnb? etc. Where would you like your propties located? Within city limits? suburbs? Rural? etc. Next would be When do you want to start buying properties and this is all dependent on cash. Will you be fixing the properties yourself or hire a contractor? Are you willing to put months of work into it or would you rather just by a turn-key property? Finally is how. How are you going to fund the deal? Are you going to get a mortgage and make payments each month after getting the rent? Do you want to find other investors to supply the cash and you split the profits? Or do you want to buy it all in cash and keep any rent as new income for you and your family? There is a ton to workout but if you just go one by one and break it into parts it becomes easy. LMK if you have any questions I am more than happy to answer or discuss further. (Ann Arbor MI)

Hey Bill. Due to real estate having large sums of money involved it is best to hire a lawyer to build this contract. Yes, you could do this deal with just a handshake and everything might be okay but it leaves everything up to a lot of interpretation by the court and it would be a he-said, she-said situation. Next would be a signed contract that you write up yourself which will have a paper trail and evidence backing any claims in court (bonus points if you go to a notary and have it done in front of an official) and the best option is the lawyer which will stand up in court significantly better than anything you could write yourself. They have made tons of contracts and would make sure everything is valid and legal plus add stuff you and I would never know to add due to our lack of experience. 

Sounds awesome man! Look forward to seeing what happens in the future for you!

I think there would be a higher profit margin in a multifamily and less work but you also have to enjoy it. Some people love single-family and the benefits that come with it (more families, higher rent per unit, less turnover etc.) I have a single-family and am looking to make the jump into a quadplex to start moving into larger properties. I am young and looking to grow my investment firm large over the next 50 years and expect to have the properties for that long as well. Whatever you do make sure you are happy with it and that it meets your needs financially. 

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $190,000
Cash invested: $30,000

built-in 2000. Second owners and first property bought. remodeled in 2022. large half-acre fenced-in backyard. 3 bed 2 bath. Owned by my spouse Megan.

What made you interested in investing in this type of deal?

This was our first house and we got a deal on it due to talking to the sellers and getting them to accept our offer over a high offer due to the lack of inventory on the market at the time.

How did you find this deal and how did you negotiate it?

Zillow and we offered the max amount that we could offer at the time. We got a new septic system and new roof out of the deal due to lack of maintenance and staining on the roof.

How did you finance this deal?

We used better.com and it was okay.

How did you add value to the deal?

we remodeled the entire house including the floors,bathrooms and kitchen.

What was the outcome?

we were able to rent the property for a healthy profit.

Lessons learned? Challenges?

I do not like removing texture from walls and I will never do laminate flooring again. Also will hire a flooring contractor in the future.

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $140,000
Cash invested: $20,000

Brick house built in 1940s that was a run-down rental prior. 6 months of renovations to remodel the entire interior. The largest house in our portfolio. 4 bed 2 bath with 3k of living space. 2 additional vacant lots with a detached 2 and a half car garage. 7k down 3k in fees and 10k in renovations done by me over 6 months. owned by my spouse Megan.

What made you interested in investing in this type of deal?

We were looking for our first deal to keep me working and moving forward in growing my skills and knowledge in residential construction while being within the city limits of Battle Creek MI.

How did you find this deal and how did you negotiate it?

This deal was found on Zillow and we did not get the best of deals on it. We negotiated for a new attic fan and A/C system be put in. was listed for 130k and I knew I could get a good amount of rent out of it to a larger family.

How did you finance this deal?

This deal was financed through Better.com. It was horrible and we will not be using them in the future.

How did you add value to the deal?

I did all the work myself for the renovation. We remodeled the entire house including the basement, the original hardwood and the bathrooms. The only room we left was the kitchen which only got new light fixtures and paint.

What was the outcome?

We had the most expensive rental in the entire city at the time of listing and we got great tenants that met all of our requirements.

Lessons learned? Challenges?

I do not like working on plaster walls nor do I like pulling 2.5k sqft of carpet to get to the hardwood.