All Forum Posts by: Nathan Norway

@Dawn Burdette My best advise is to browse these forums in the different categories along with the blog posts. Each type of RE investing provides different pros and cons.

One of the more technical ways to get a lot of cash flow volume out of your initial capital would appear to be BRRRRing. Check out @David Greene ‘s book if you are interested in that.

Finding below market valued homes and rehabbing them, following by stabilizing with a tenant then refinancing to pull your money back out can essentially give you your initial capital back to reinvest and provide a few hundred dollars of cash flow ( in a “home run” scenario).

You are on the right track checking these forums out! Best of luck!

@Mike Kratz welcome! Best of luck on your journey! How are home prices looking in the Rochester area?

Also I’ve posted recently gathering interest for a BP meetup in the suburban Detroit area. Let’s connect to network and see if you are interested.

@Trevor Mitchell welcome! Best of luck on completing that first flip.

@Brock Mogensen thanks that is helpful. I appreciate the insight and will use that as I continue to practice analyzing potential deals.

@Joe Doman I’m very close to DTP so I wouldn’t complain about that. It would be a middle area for Detroit & Ann Arbor. Quite a few good local places to meet up!

Would love to start a monthly meet-up somewhere centralized to the metro Detroit area.

Livonia, royal oak, Plymouth, Downtown? Any interest or suggestions.

I’ve heard @Joshua Dorkin loves it here!

@Bjorn Ahlblad 50% rule is cutting gross rental income in half to estimate expenses? I’m working towards analyzing my first potential deals, so I appreciate your insight.

What else is important to look at? I understand their marketing packet is designed to attract sellers, so what else is good to investigate?

@Brent Paul based on the rent info I’ve gathered it appears to have been mostly renovated. Looks like they redid most and are trying to sell it high to walk away strong. The area is so student dense that there shouldn’t be any issue finding tenants but attracting the right ones would be important

@Brock Mogensen what else would you be looking at? How can I learn from this post to provide better info?

@Charles Seaman thanks for the info! I’m still analyzing, so nothing is definite but the cap rate was definitely eye catching.