All Forum Posts by: Ryan Lane

@Aaron B. Lewis Thanks for the heads up. I'll reach out with my info.

 Thanks!

Thanks for the input! I've been looking more and more into SFH's to do just as you said. Hoping to find something good soon.

Hello,

I've just recently started using BP and I thought I'd reach out incase anybody has some solid advise for a new investor.

I live in the Metro Detroit area and I sell real estate as my full time profession. Because of my profession, I know quite a bit about real estate in general. I've done a lot of learning/studying when it comes to the investing side of RE but I am having a hard time figuring out if I should wait to invest or find something now and/or possibly partner up with another investor.

I currently have $30,000 that I can use toward an investment property. The longer I wait the more money I'll have (obviously.) There is not a lot, in my opinion, that one can do with $30k. My original goal was to save $100k for an investment but it doesn't seem to me that you can do a whole lot with that either. 

A traditional mortgage is not an option right now but might be after I pay all of my 2017 taxes in January. So, I've been looking for LC's but not much is available without needing more money than I have. I'm very excited about whats happening with the city of Detroit and the surrounding area and I'd really like to take action.

I should also add that I'm not a fan of single family homes but rather multifamily properties.

If you've got any solid advice, please feel free to share.

Thanks.