All Forum Posts by: Michael Ventura

Welcome Mike!  As stated above, you are in the right place.  Much information, free materials... check out the pod casts as well,extremely informative!  I usually listen at my pc with a pen and paper for notes.  Good luck and reach out if you need anything, I'm around! Michael V

Hello Jack, welcome to BP!  It sounds like you have an excellent plan already in place.  Your knowledge and enthusiasm are both very welcome!  Good luck here, there are excellent free resources available as well. Michael V

Hi Katrina, the numbers seem to work, and I also invest in college towns in Michigan and I like the income... let me know why your hesitating, I see your in Maryland, maybe the distance is causing you concern.  I completely understand that. Depending on the area I could drive by for you and take a look, possibly partner with you as well to help off set some of your cost.  Let me know and good luck! Michael V

Hi Katherine, truly an inspiring story and one that will motivate you and keep your 'grinding' through the tough times. I'm an investor in Michigan and have traveled much and lived in many parts of the world... I say this because I have seen market trends and have learned to read them. Michigan has excellent ARV on properties and much to offer an investor. I'm located in the SE corner, near Ypsilanti and Canton area... most would say near Detroit but that is not technically accurate. In the 'D' (Detroit), you are either in the city of Detroit or in the suburbs of Detroit, a huge difference! Please let me know if I can be of any help. You have not mentioned where you will be settling in at... when you have an idea reach out me or connect on BP. Welcome to Michigan! Michael V

Welcome Clay, glad you are here! I'm in SE Michigan, and tend to invest in Ypsilanti, Westland, Livonia area... about 2.5 hours from Grand Rapids. Let me know if I can help.. I do know there is REI group that meets in that area on BP. Hope you all connect. Michael V

Hello Ramone, it sounds like you have a lot going on, I like that!  I'm from the area as well and looking to invest in the Detroit, Southfield, Redford market.  I have positive cash flow that could help with your cash flow issues currently.  Lets connect and set up a time to meet, we may be able to partner or at least, help each other out with ideas and connections.  

Hi Ari,  Wow, this sounds like a unique opportunity.  I've never done this type of rehab either, although, in downtown Northville a family converted an old church into retail space below and a huge loft upstairs where they live.  Beautifully done and might be worth checking out if your get into this opportunity.  Good luck and let me know if I can help! Michael V

Hello Shana, I've also thought about this as a possible opportunity for future growth.  What concerns me is the never ending process of bureaucratic BS that has held up the entire repair process.  In my opinion, it's to soon to tell which way this will go... could be a great opportunity to buy in low and watch your money grow... or watch your money go... I live in Michigan and have a good feel for the area.  My thoughts, don't pull the trigger yet, but keep it on the radar for now.  I like where your going with this and I like your projections, just a little to early to tell.  Good Luck and let me know if I can help, Michael V

Hello and Welcome Anthony!  I'm investing in Michigan as well.  Here's a few things that really helped me out when I first started.  Good luck and let me know if I can be of assistance! 

 Welcome to BiggerPockets! You've definitely come to the right place to learn more about investing. If you haven't yet, be sure to check out the The Ultimate Beginner's Guide to Real Estate Investing and The BiggerPockets Podcast. They are both great at learning the fundamentals.

You may also enjoy this post, about multifamily properties: How to Buy a Small MultiFamily Property: A Step by Step Case Study

Oh - and don't forget to set up your Keyword Alerts!

See you around the site!  Michael V

Hello Ari, welcome!  Here's a few things that helped me when I started out, although you have experience, it is nice to read others perspectives and ideas. 

 Welcome to BiggerPockets! You've definitely come to the right place to learn more about investing. If you haven't yet, be sure to check out the The Ultimate Beginner's Guide to Real Estate Investing and The BiggerPockets Podcast. They are both great at learning the fundamentals.

You may also enjoy this post, about multifamily properties: How to Buy a Small MultiFamily Property: A Step by Step Case Study

Oh - and don't forget to set up your Keyword Alerts!

See you around the site!  Michael V