All Forum Posts by: Stephen Lovett

@Scott K.

My properties are located in Detroit, Madison Heights and Royal Oak.  My 4 most recent acquisitions have an average Cap rate of 39%

No problem @Brian Karlow

I'm happy to be part of this community!

Thanks @Richard Dunlop

Yes. My returns are incredibly good. Better than anything I've heard from other investors. They might even make your head spin.

Thanks for the tip @Chaz Reid

Thanks @Richard Dunlop.

Yes.  My returns are incredibly good.  Better than anything I've heard from other investors.  They might even make your head spin.

Thanks Scott. I'm familiar with Michigan Real Estate Investors from Meet up. I'm a member of the Oakland County REIA currently, and have yet to attend a Michigan meeting. You're in Madison Heights? I have several rentals there. I love that city!

Thanks Matt.  I'm looking forward to it.  Do you know if the Detroit folks do monthly meet-ups?  I ran across one from a couple years ago in a search, but haven't been able to find if they're still happening.

Are the taxes really $660/month??  If so, that's extremely high and seems to kill the deal from a cash-flow standpoint.  The other question is what are you looking for?  Monthly cash-flow or long-term debt paydown? 

Greetings everyone!  My name is Steve Lovett, and I'm a landlord in Metro-Detroit.  I have 8 rentals and have rehab and management experience.  I learned about BP initially when listening to Brandon's book on Audible.  Then I discovered the podcasts on Stitcher.  What an amazing wealth of information!  So I HAD to join BP and look forward to interacting with everyone.  I invest in a unique area with some amazing returns, and am looking to add some flips to my real estate portfolio this year.  I look forward to interacting with the community on this site.