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All Forum Posts by: Jimmy Barrett

Jimmy Barrett has started 8 posts and replied 18 times.

Post: seeking advice on first property

Jimmy BarrettPosted
  • New to Real Estate
  • Harrison Township, MI
  • Posts 18
  • Votes 5

@Brian Gerlach I have a primary already

Post: seeking advice on first property

Jimmy BarrettPosted
  • New to Real Estate
  • Harrison Township, MI
  • Posts 18
  • Votes 5

@Drew Sygit

This is the stuff I have to figure out and learn more about. My bank said I can’t do anything less than 25 percent because it’s an investment property...

Post: seeking advice on first property

Jimmy BarrettPosted
  • New to Real Estate
  • Harrison Township, MI
  • Posts 18
  • Votes 5

Little money right now but currently saving. located in Southeast Michigan seeking advice on where to start and close that first property!

Post: Help me analyze this deal

Jimmy BarrettPosted
  • New to Real Estate
  • Harrison Township, MI
  • Posts 18
  • Votes 5

@Tim Herman great thank you! I didn’t use any vacancy in this particular deal to start because tenants are in contract until mid 2021

Post: First deal Help me analyze this deal

Jimmy BarrettPosted
  • New to Real Estate
  • Harrison Township, MI
  • Posts 18
  • Votes 5
-typically Tenants pay for utilities and 
-ill add that in, right now tenant is under contract until mid 2021
-house is older inside looks ok from pictures still need to actually see it in person. i probably should adjust the maintenance higher 
-property tax was estimated base on current tax assessment with multiplier being fairly close to what the sale price is now. the house was sold in 2018 for 80K 

Post: Help me analyze this deal

Jimmy BarrettPosted
  • New to Real Estate
  • Harrison Township, MI
  • Posts 18
  • Votes 5

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Post: First deal Help me analyze this deal

Jimmy BarrettPosted
  • New to Real Estate
  • Harrison Township, MI
  • Posts 18
  • Votes 5

I am very new to this and looking for tips based on this report.. Currently no offer is on the table just would like expert info please 

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Post: Starting out as rental property investor

Jimmy BarrettPosted
  • New to Real Estate
  • Harrison Township, MI
  • Posts 18
  • Votes 5

My Fiancé and I bought our first house this year. We are looking to purchase a rental property by the end of 2021. I am looking for some direction and knowledge of where to begin