All Forum Posts by: Troy Young

Martin Robb, If you are looking to move here I would probably wait until you are here to invest here. It's hard to find good managers here but we have a great landlord association (Port Huron Area Landlord Association aka PHALA). If you are here and join that group ($40 a year) you'll learn a lot, and make all the connections needed to do well. 

I mainly invest in Port Huron and have property in every area the city allows. I also have properties around at Clair and Sanilac county. Yes investing outside of Port Huron is easier once you find the deal but the money is good in Port Huron. Always good deals and a very high demand from tenants needing housing. Port Huron also has a lot of potential to grow if the city allows it. It's nice to see big money from outside being brought in in the past few years. It also has plenty of jobs for anyone looking to work in town but mostly blue collar jobs (which means a lot of people will remain tenants). It has unique potential being

an international boarder, a big part of it is an island, multiple express ways end here and big outside money lands in Port Huron before smaller areas surrounding Port Huron. As far as crime it's more then the surrounding areas but it's also a lot bigger than places like Lexington. It's very unlikely to get robbed, attacked, killed etc. Unless you're involved in drugs or fighting with family. If you live in the area give it a chance but if you're outside the county it may be better to look outside the city limits do to the city regulations unless you have a good manager. 

Hi, yes I have different loans that are groups of properties bundled together. I use both private lenders as well as bank money. Both I just pay a certain interest rate amortized 3-5 years for private and 10 years for banks. I'm happy with appreciation in this area for what I have. Like this 3 bed house being a good deal for $40k would also put my 3 bed house a good deal at $40k and I paid $10k less than 3 years ago. There is also a plan to spend $800-1 mil on a new building on that block. It's close to water, down town and between main Streets going in and out of town. So I expect to make about $5-10k per year on my house there using 100% opm and can get the $5k even with no appreciation although I expect something big to buy me out and pay well at some point. 

The house for $37,500 check out the property lines... There is maybe a couple feet on the side and the back of the house to the property lines, the lot is to small to rebuild so I have seen financing fall through because of that. I have 6 units on that block and it can be hard to find good tenants in that area. But you can make money. In the past couple years I paid $10k for a 3 bed house, $15k for a duplex, and $30k for a triplex with a barn. I also offered $35k cash for that house and full asking price subject to financing with the lot being so small (both were rejected). The house is decent but some stuff was done wrong. It will be interesting to see what happens to the vacant lot next door. It's supposed to be a soup kitchen but so far they aren't doing anything good so it will be interesting to see when something opens if it helps or hurts the area. 

Yes, I mainly invest in Port Huron but have invested basically all around st. clair county. Port Huron can be a little more difficult dealing with the city but the prices make up for that in my opinion. If you have any questions or need anything let me know. If you're looking for something let me know also I'll see if I can help. 

As far as drugs, it is a problem, but it has also been a problem everywhere I've lived. A rough area here is different than a rough area in NYC. I lived in Brownsville Brooklyn and knew I could be killed and saw different people shot and people stabbed to death. I don't worry about that in port Huron. There is about 1 murder a year. I've bought different places where drug dealers were operating so I call the police and evict them. I try to get rid of the bad people and keep the good ones. There isn't any neighborhood I don't invest in but in general there further north you go or if you invest just outside the city limits in any direction the areas are better. But, you pay more to buy in the better areas and cash flow less. Downtown has some good things going on and some of the cheapest places are a block to 5 blocks away from downtown. So they are still in the bad areas but cheap, good cash flow, and a lot of potential as the downtown is built up. If you have more money and don't care about cashflow as much or don't have a good manager look for the North end of Port Huron or just outside the city limits for less work and headaches for you or your manager. 

Hi, I have a couple friends from NYC that are now investing in port Huron. I have been investing in Port Huron since 2009. Prices have went up a lot but there are still good deals. I also like that some big money is coming to town mainly in the down town and water front area. Some big things have already opened others just broke ground so I expect good things in the years to come in Port Huron.  

the numbers can be really good but the city govt can be a real pain to deal with. So for the good numbers is deal with the city buy when I find decent numbers right outside of the city it's always my preference

they would make you personally guarantee the loan anyway so as long as your personal financials look good they should should loan you money.

Yes, I know the Port Huron area well and have a lot of investments in Port Huron. What are you looking for?