All Forum Posts by: Rae Chris

Hello BP

New-ish investor. Have one rental property, and trying to get into the fix and flip field. I have eyes on a property that I could get at about 120-130k after speaking with agent. In this area, ARV might be 3*, but it probably needs about 100-120k to fully rehab it.

I’m looking into lenders and because I don’t have enough money to put down, I’m interested in trying for a 0% down and use my first property as collateral. Is this a terrible idea? What are the pros and cons of doing this? What is the fine print with these 0% loans? Anyone done it?- what was your experience? Any advise?

Any recommendations on trusted lenders and contractors in the Michigan area?

Any general advice for a first time flipper?

Thank you all in advance!

Hi everyone, I have received feedback from here about networking with other RE investors in my area. I have joined a couple of groups on FB, and connected with some other people here. Any known groups in MI that I could join?

Also, what would you recommend about getting a property to fix and flip or rent? Haven't done a flip yet, but I want to expand into this as well. I have also heard some interesting stories about S8 renters- what is the real catch on this? Recommendations on agents, wholesalers, general advice?

Thanks!

Thank you all for sharing all this information. I’m definitely going to look to connect with other investors in the metro-Detroit and Ypsilanti area. Thanks everyone for sharing-truly appreciated!

Hello, I’m a newbie investor with one rental property in a different state. I just moved to Michigan and I am looking to get another property-could be a single family rental or multi family, duplex , or anything for cash flow. Any advice on where to look? Currently looking on Zillow and Redfin, but no lack-good opportunities. Any recommendations on agents and off market deals or networking with other investors. Looking forward to hearing from you all.