All Forum Posts by: Miles Atkins

Im a 19 year old with a passion for real estate investing. What tips do some of you that have been doing this a while have for someone just starting out. Thanks

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Grand Rapids, Michigan

What data sets do you guys use to measure for future rent growth?

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Im just making a post asking you guys where your deals come from. FSBO, foreclosures, MLS, etc. Thank you guys.

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Just making a post asking if anyone knows of any west Michigan or central Michigan real estate investor meetups? Thanks!

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Grand Rapids, Michigan

If anyone needs real quality wood flooring done (hardwood, vinyl, etc) dm me. I am also looking to get into real estate investing so I figure posting here would get me clients I could build relationships with.

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Grand Rapids, Michigan

Hey I'm just making this post wondering how off market deals are found. The numbers don't really work on properties off Zillow and I was wondering how you guys find properties for cheap. Cheers!

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Getting into investing in real estate and I was just wondering how interest rates affect the market and in what situations would a low interest be good along with a high interest rate. Can higher interest rates make it a better time for property to rent out due to people not able to pay for a mortgage. Any info would be great thanks.

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New to house flipping and just wanted to ask what you guys will spend on kitchen renovations. How much do you guys spend on cabinets, flooring, new islands, etc?

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Quote from @V.G Jason:

Quote from @Miles Atkins:

Quote from @Bruce Woodruff:

This is the best (but hardest) time for a newbie to get into RE. This market is scaring away all of the lookie loos who have been buying up anything they could. Now they have to be careful......

Bit new to the market aspect of things. Is this the hardest time to get into real estate because the prices are high?

High is a relative thing.

Most would say rates are high, these are kind of average. I do think rates cannot stay at this level indefinitely due to debt, but if you think we're going back to 3% I would bet against that. 5% ish will be the new norm. If rates went down to 5% today, a lot of these listed houses in good markets would be listed for about an extra $10k-$20k per $100k listed, at least. In really growing markets probably closer to 25k. Do the math on "high" rates and being negative cash flow owning the underlying asset versus that extra increase in outright house price and difference in cash up front. Going for good markets is now more key than ever, you'll get substantially higher cash flow + appreciation if you weather the first couple or so years. Only in '08-'22 were people buying and outright cash flowing, it was a short lived thing. You'll cash flow on a purchase in 2023 in 2025-2027 if you bought in a good area.

Thanks for this level of detail. What do you mean when you say "owning the underlying asset versus that extra increase in outright house price and difference in cash up front." ? And is finding good markets and deals all in the analysis?

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Quote from @Bruce Woodruff:

Quote from @Miles Atkins:

Quote from @Bruce Woodruff:

This is the best (but hardest) time for a newbie to get into RE. This market is scaring away all of the lookie loos who have been buying up anything they could. Now they have to be careful......

Bit new to the market aspect of things. Is this the hardest time to get into real estate because the prices are high?

Prices are (generally) lower around many parts of the country. You can find many 'deals' if you look. The problem for new buyers is that (they think) interest rates are high. They actually are still historically low, quite low, in fact.

I don't know too much about the effects of interest rates on real estate investing. Are lower interest rates better for investors trying to find deals?

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All Forum Posts by: Miles Atkins

Miles Atkins has started 10 posts and replied 17 times.

Post: Investing in west michigan

Post: Future rent growth

Post: Wholesalers, how do you find your deals.

Post: Real estate meet ups

Post: Wood flooring/ relationship building

Post: How to find off market deals?

Post: How do Interest rates affect the market

Post: How much do you guys spend on kitchen renovations?

Post: Is this the best or worst time to get into real estate?

Post: Is this the best or worst time to get into real estate?