All Forum Posts by: Noah Brant

My units are between Western and K College, a block north of W Main St.

Hi Everyone, thanks for the warm welcome and support. Since I posted this 2 years ago, I thought I'd give an update. I purchased a single family and a duplex next to each other. I fixed up the units enough to get them rented and they're doing great! I'll begin searching for my next unit(s) soon.

Hi All,

I am looking at purchasing my third rental property in Michigan and have an investor who will put up the down payment. The purchase price is $350,000 and the investor will put in $70,000. He will take 20% of NOI off the top, I will take 5% of NOI as a management fee, and the remainder will be split 50/50.

Does anyone have experience with a similar situation regarding taking out a mortgage? Is there a way to have only myself on the mortgage so he avoids liability and not count his $70,000 as a gift? 

The lender will not make the mortgage out to a business so we cannot have him loan it into an LLC and then take out the loan to the LLC.

Any creative ideas out there?

Hi Nate, I just closed on my first rentals, a sfh and a duplex near WMU. I'll let you know if I see anything in the area.

Hi Bryan, did you ever find a good handyman in Kalamazoo? I just closed on 2 properties yesterday and I'm looking for a reliable handyman for random repairs that will come up.

Here is the most recent one: http://chicagorealtor.com/wp-content/uploads/2015/12/2016-CAR-Lease-v3.0.pdf

Thanks @Account Closed! Can you provide insight on how to utilize KARHA and the benefits it provides? Is there an online forum for networking or an email group?

Thanks for the warm welcomes! I look forward to interacting and working with all of you in the area.

Hi! I am a Commercial/Industrial transactions attorney in Chicago and will be moving to the Kalamazoo area in 3-5 years. I am planning to begin investing in real estate there before then and continue to grow when I get there. My goal in the next year is to acquire a single family rental home to begin. If you're in the Kalamazoo area I'd love to connect!