All Forum Posts by: William Taylor

Posting this duplex that I found here in the heart of Eastern Michigan, I've been frequently trying to run numbers on duplexes and investment property listings as an up and coming agent and investor to try and gain whether a deal is good or bad. For this example it looks like I would need to buy it for much less than asking price if the numbers stand right, can an experienced rental/flip investor look and see if these are sound? If I purchased this property for $179k instead (much below asking price), it would net out about $350 in monthly cashflow. What do you guys think? 

Also looking further - it looks like it would negatively cashflow until the last few years. Is this accurate? 

Zillow link - https://www.zillow.com/homedetails/418-Olive-St-Ypsilanti-MI...

View report

*This link comes directly from our calculators, based on information input by the member who posted.

@Caleb Brown Thank you for the insight, Caleb. I definitely want to align myself with a good brokerage and start building good reputation. 

Hello BiggerPockets world! My name is William Taylor, I am extremely excited to be a Pro Member in the BiggerPockets community and ready to gain immense knowledge from all of the contributors. I myself have been a Licensed Real Estate Agent in Southeast Michigan since 2021 when I turned 20 years old, and have took a bit of a hiatus since now to finish my Bachelors in Business Administration. I have one more year left, but am eager to get my real estate wheels back turning.

This year 2025, I am looking to get my foot back in the pool and become much more involved in the real estate community. I currently have sold a few residential homes in my time as a realtor, but I'm more-so looking to become an active real estate investor and agent. I'm currently building up capital for future ventures and properties that I find on market, as well as attempting to find the best brokerage where I can work under an individual who is already more established. That is where I'm at currently, trying to find a brokerage and/or envrionment where I can work under an established individual to gain more knowledge and find myself in the field everyday. I am extremely gung-ho to have boots and the ground and gain more knowledge by the day.

I am curious, as an agent who has been licensed for a few years, sold a few homes, but is coming back from hiatus, does anyone have any advice on where to begin? As stated, currently building captial and hoping to buy an investment property (whether it be more likely a fix/flip, or a rental), within the next year. Also wanting to gain more expertise in the residential/commercial real estate field. Any advice from a well-versed individual on what step to take first? Glad to be here in the BiggerPockets community!

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Hi there! This is the first time I've ran a calculation on a BRRRR property, this one I was thinking of going for using all hard money and nothing out of pocket. I ran the ARV pretty conservatively, given that some of the comps are leaning towards $160k. Just wanted to get some thoughts from members of the BP community and see if there are any improvements or other things I could include!

Hey Jim! 

I'm currently a leasing professional at a luxury high rise complex in downtown Ann Arbor. I can tell you first hand that the demand for student housing is at an all-time high. 

With the new landlord/tenant ordinance that allows the tenant and extended amount of time to renew, this has encouraged prospective tenants to lock in leases for Fall 2022 term starting as early as last November. The demand has seen a spark given the rising student body, with U of M having their largest student body this year. Total enrollment of 2021 was upwards near 50,000 students. Given that 60% live on campus, that's 30,000 students in potential need for housing. Even at 30%, that's still 15,000 potential prospects.

What you want to focus on is a competitive market rent. If you can offer a nice unit that is updated for slightly lower than market value, it is going to keep your vacancy rate at a near 2% per year. 

Jim, please reach out to me! I'm a local real estate agent and would love to help you out on making this deal work. Ann Arbor is my bread and butter, and is an evolving market with many potential opportunities. Give me a shout when you get a chance!