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All Forum Posts by: Michael E.

Michael E. has started 4 posts and replied 87 times.

Post: Which is wrong - the auction site or the County?

Michael E.
Pro Member
Posted
  • New to Real Estate
  • Saginaw, MI
  • Posts 89
  • Votes 115

Hi Natalie,

I would talk to someone from the auction site to confirm exactly what is being sold and then ask about the discrepancy. I have seen "online-only" auction sites that have "accidental errors" for listings that cause the listing to have a lot more interest then it would otherwise. For example, "accidentally" listed as 2200sf when it is really 1200sf.

Hope you get a deal. Good luck!

Post: Networking opportunities near Oakland and Macomb County Michigan

Michael E.
Pro Member
Posted
  • New to Real Estate
  • Saginaw, MI
  • Posts 89
  • Votes 115
Quote from @Drew Sygit:

www.REIAofOakland.com

Their monthly meeting is this THursday, see their calendar

 Hi Jake,

Welcome to Bigger Pockets!

REIA of Oakland also has "sub groups" that meet on Saturdays. I'm a member and hope to see you at the meeting.

If you are looking for quality information on the Metro-Detroit area You should checkout @Drew Sygit's blog. For me, it has been one of the best sources of market information.

The new forum design doesn't make it easy to find so I put the link below.

https://www.biggerpockets.com/...

Post: Creating my unfair advantage

Michael E.
Pro Member
Posted
  • New to Real Estate
  • Saginaw, MI
  • Posts 89
  • Votes 115

I completed the pre-licensure class. Now I just need to pass the state exam. I'm told the state will take 30 days or more to process applications and give approval for the exam.

Post: Is Seller Financing Really Effective?

Michael E.
Pro Member
Posted
  • New to Real Estate
  • Saginaw, MI
  • Posts 89
  • Votes 115
Originally posted by @Cade Gardner:

Is Seller Financing really an effective method to get access to multi-family units? I’ve been listening to BiggerPockets podcasts and reading about it - I just can’t process that to be something that really works in this industry. Has anyone had success with doing a seller financing deal recently - and how did you go about finding & negotiating that deal? I’d love to hear some success stories or just any advice on how to go about doing a deal like that!

 There was a podcast episode With Pace Morby Episode 528, that you might find interesting. He does a lot of seller financing and "sub to".

Post: Creating my unfair advantage

Michael E.
Pro Member
Posted
  • New to Real Estate
  • Saginaw, MI
  • Posts 89
  • Votes 115
Originally posted by @Richard B.:

@Michael E. I want to congratulate you for taking action towards your RE goals and being passionate about learning.

Hi Richard. Thanks for the reply.

Post: Creating my unfair advantage

Michael E.
Pro Member
Posted
  • New to Real Estate
  • Saginaw, MI
  • Posts 89
  • Votes 115
Originally posted by @Barrett Johnson:

As a contractor myself my concern here is how little you think becoming a decent contractor takes. I have walked through jobs twice over budget and jobs that took me three times as long to learn how to become a contractor. Not saying that is every job but use caution on what you are getting yourself into. There is plenty of money in New Contractor repairs. Good luck and wishing you the best. 

 Hi Barret, thanks for the reply.

I agree. Being a licensed contractor and a decent one are two different thing. At the end of the class I hope to be a licensed contractor. At the end of my project I hope to be a decent one. I failed to add this to my original post but my timeline for completion is 2 years after I start. Currently that is looking like March of 2024.

Post: Creating my unfair advantage

Michael E.
Pro Member
Posted
  • New to Real Estate
  • Saginaw, MI
  • Posts 89
  • Votes 115
Originally posted by @Joe Villeneuve:

Troll? Really? I will give you one more piece of advice (I know I'm going to regret this, but here goes), stop taking everything so personally, and in the future leave your emotions at the door. It will bury you in REI. You spent way too much time here fending off all of the free advice, from other REI with a lot more experience, from professional contractors and others, as if you were under attack instead of taking it for what it was...a group of individuals offering free advice to prevent you from going down the rabbit hole.

I want to apologize once again if my efforts to help you offended you in any way.

Troll?  Really?

 You know what they say about free advice, it's worth what you paid for it.

If I have spent too much time on this thread then what does that say about how much time you have spent on it? Or why you are so determined to give advice to someone that you think doesn't want it?

I don't understand why you think I'm bringing my emotions into this? Are you interpreting my words as having emotion behind them? 

If you feel you are wasting your time you always have the choice of not posting.

I stand by my statement. Troll.

Post: Creating my unfair advantage

Michael E.
Pro Member
Posted
  • New to Real Estate
  • Saginaw, MI
  • Posts 89
  • Votes 115
Originally posted by @Craig Janet:

I'm a licensed contractor. Passing the test will give you very little skills for a rehab. Most of the questions will be about codes and business laws. In Louisiana to obtain your license will you need expensive liability and works comp coverage (even if you don't have any employees). There is no substitute for hands on experience. You could watch some youtube videos and do some projects around the house and gain more skills than passing the test. 

 Hi Craig. Thanks for the reply.

The test in Michigan consists of 50 questions in the business and law section and 110 questions in the Practice/Trades section. I too would need liability and comp insurance if I was starting a business. Thankfully, in Michigan I don't need those just to take the class/test. I agree practice makes perfect and YouTube can be a great source of knowledge.

Post: Creating my unfair advantage

Michael E.
Pro Member
Posted
  • New to Real Estate
  • Saginaw, MI
  • Posts 89
  • Votes 115
Originally posted by @Joe Villeneuve:
Originally posted by @Michael E.:
Originally posted by @George W.:

 Well if you never intended to add value to this conversation why did you bother posting in the first place?

 He did add value.  All of us did.  You "barked" back at us when we did, hence the conclusion by George that you don't take advice well.

I have a question for you (one that I bet many of us have, but I'm going to ask it):  Did you come here for advice, or for a pat on the back?  Either way is fine, just let us know which one so we don't waste our time trying to help you...and then get flamed for doing so.

 DING DING DING. I didn't post for advice. I wasn't looking for a pat on the back either. Again, I was just posting what I was doing, with the hope it might inspire someone else. If you can show me, where is my first post, I asked for advice I'll be more then happy to eat my words.

Now my question for you. Is this what you do for fun, troll newbies in the starting out forum?

Post: Creating my unfair advantage

Michael E.
Pro Member
Posted
  • New to Real Estate
  • Saginaw, MI
  • Posts 89
  • Votes 115
Originally posted by @George W.:

 Well if you never intended to add value to this conversation why did you bother posting in the first place?