All Forum Posts by: Peter Dukaj

Builders are definitely trying to gobble up land. I have a parcel in Michigan just waiting to pull the trigger on building

Hello and welcome! It's fantastic that you're diving into real estate investing. Your background and commitment are impressive. Given your interest in wealth building through real estate, have you considered exploring out-of-state investments to potentially leverage market conditions and maximize returns? If so, I'd be happy to share insights and discuss opportunities that align with your goals. Looking forward to connecting and supporting your journey in real estate!

Consider building a network of local contractors and service providers who can assist with property maintenance. Additionally, explore technology tools that streamline remote property management tasks, such as online rent collection platforms and smart home systems for monitoring. Staying informed about local real estate trends and market conditions can also help you make strategic decisions that minimize reliance on property management services.

This is a complete remodel with updated windows and mechanicals within the last 5 years.  Luxury vinyl flooring, quartz counters and shaker cabinets.  Attached garage, natural fireplace

1,147 sq ft

2 bed 1 bath

Line yourself up with a local agent would be a must. 

I have a rent ready property in a good area near the lake that has been completely remodeled. 

Is there a lender out there that would be able to loan money on homes at auction. 

Obviously you need cash, but at the tax auction, I am not sure what the final price will be or what house I will actually end up with. 

I would like the ability to have a war chest to bid on multiple properties….

What is your experience with tax auctions and overall success with these types of purchases? 

Do you want to stay in Detroit proper or the metro area?

Is the property also listed on the MLS or just Zillow?

Why not utilize the friend with money as a silent partner and hire your electrician friend for any maintenance, especially if they do not want to make a career out of it.