All Forum Posts by: Joshua Lawrence

@Joe Villeneuve 

Metro Detroit has been a great place to invest over the last few years. Like @Jesse Boyd said, I thought it was a minimum of 6-months before a bank would allow a re-finance. Are there ways around that?

It sounds like it is working for your, keep up the good work!

Hey @Cierra Seay 

What are your thoughts on investing in the city of Oak Park. Where do you see home values/rental prices going in the next few years? 

Also, @Corey Hajduk I am located in Walled Lake, which isn't too far from you. Let me know how I can help in your Real Estate Ventures!

@Theo Elias 

In the Metro Detroit Area?

Hey @Theo Elias 

Welcome to BiggerPockets! Where are most of your flips at?

@Craig Shute Our office is a licensed Real Estate Brokerage, so we have access to the MLS database which shows recent lease-ups. Your Real Estate Agent may be able to help.

Also, here are a few forum discussion on the topic:

https://www.biggerpockets.com/forums/311/topics/95...

https://www.biggerpockets.com/forums/311/topics/84...

@Account Closed 

Not a problem, let me know how I can help!

@Stewart Beal and @Nat C. 

You are making us all look bad. Nat if you keep it up, you will have 30 properties by the time you are 32 without any loans!

Keep up the good work!

Welcome @Emilio Basa !

Hey @Account Closed 

Home values in Livonia have gone up quite a bit in the last year. Westland would be a much better place for a rental. Average rent for a 3 bed, 1 bath would be $950 - $1,150. We actually have one that was tuned up (granite counter top, ceramic tile, brick exterior, 1.5 bath) that just leased for $1,300. It is on Carlson in the 48186 zip. Probably had $65,000-$70,000 into it. 

There are probably still deals out there. I think putting some money into a place up front and detailed screening is well worth the investment. As far as market rent, what we do is just check to see what similar properties have leased out for in a specific area over the last year. Reach out anytime. 

Hope that helps,

-Josh 

@Brad T. We use LexixNexis. Application fee is $50 for each adult.