All Forum Posts by: Lorenzo Spurrier

Hi, I'm a licensed Realtor/Builder in SE Michigan.  I have been in Real Estate sales for going on 5 years now.  The money is great, however, the work doesn't fulfill me at the end of the day.  I'd like to get into Real Estate investing and do residential redevelopment.  I have a few years of experience in manual labor.  I've done complete remodeling of kitchen/baths along with rough carpentry/roofing.  I have the tools, experience, education, and finances to move forward I just don't know how everyone is finding these off-market properties that turn a 10% profit at least.  It seems as if every deal I've analyzed from a number standpoint is a total loss or will result in breaking even.  What are some methods you successful investors are using to acquire and execute these transactions and turn a profit?  

 Thank you for your opinion. This is certainly one that has been lingering on my mind. 

This is true for me, and as of the last 2 years I've been working as a Real Estate Agent, and passively learning about Real Estate Investing while doing so.  I feel confident that I know enough to get started.  So enough learning through books, and time to take action and learn through experience.  

A little more about my market, I am within 30 minutes of the downtown Detroit area in Michigan.  Real Estate is extremely hot here right now, and just about anything good is gone. 

The three routes I'm torn between are: Buy and hold, fix and flip, or BRRRR. (I do have some income coming through as a Real Estate Agent, and I intend to keep pursuing that career as long as I can.)

With all of that being said, what would you do with your first $300,000 if you were in my position?