All Forum Posts by: Matt Kelty

@Jamiel Strickland

Thanks again Jamiel. Obviously there are lots of ways to approach the game. I suppose that’s what makes it all so much fun.

@Igor Mike Kajpust

Great point on the repairs x’s number of units.

Thanks Mike. I appreciate your input. Good luck this year.

@Edquan N. Dantzler

Edquan, risk is where my wife and I are stuck. Being new it’s trying to figure which is a better direction. Of course, this being a first go nothing says we can’t change direction. Thoughts?

Thanks again for everything. I’m all for talking about this. Feel free to reach out if you like. Thanks again.

@Michael Ciesielski

Michael, thanks for the suggestion. I’d be curious to see the “middle” ends up. What are your thoughts on Grand Blanc? It sounds like it could be the next Clarkston for folks slowly moving north.

I appreciate the feed back. We may need to grab a cup of coffee one day. Thanks again.

@Jer Yeung

Thanks Jer. I agree with the diversified risk. It’s probably the reason I lean towards the multiple lower income. Still not sure but I like where your head is.

@Christian Hutchinson

Christian, I really appreciate your input. Any suggestions on how quick to scale up?

Thanks again

@Jamiel Strickland

Thanks for the suggestion. I’m looking more in Genesee county vs northern Oakland, not Detroit proper.

I guess my question was more along the lines of, if you had $120k (as a talking number) to invest, would you look at one larger more expensive SFH or multiple small lower income SFHs? In the end the monthly cash flow could be close to the same, but you may be able to get more properties for less than the cost of 1 in a nicer town. Is there a pro or con to either situation?

Thanks again.

@Eric Veronica thanks Eric. I appreciate the info. Best of luck to you this year.

Regards,

First I’d like to say hello and thanks for letting me play. This is my first post and I’m excited to finally get active and be a part of the community.

After a good amount of studying and trying to lear, my wife and I are starting to look into the SFH market in the Detroit area. Where we're located it's 30 minutes to the north and I can find multiple homes at a low introductory cost (20-40k) and to the south I can find 100-150k.

My question as a new investor looking to grow and hopefully make some success, is there more value in the long run to multiple lower income properties vs. a single higher income property? My thoughts are the total cost to purchase 4-5 homes that can pull $500-600/month is less than the cost to outright purchase a higher valued property. But the nicer property can get close to the combined rent on its own. Obviously financing is an option for the larger property, but if cash flow is the goal is one a better option that the other?

Thank you so much and sorry for the long post.