All Forum Posts by: Wissam Sitto

Hello All,

I’m seeking recommendation for property managers in the Detroit, Michigan area. Specifically near University District. I’m looking for a full time individual who can screen, maintain, and upkeep the property if possible. This is my first of many properties and would greatly appreciate your recommendation

Thanks!

Hello Everyone!

I've been following the bigger pocket podcast for a couple of years now and I'm finally in a position to start investing in Michigan. I formed an LLC and got a bank pre-approval through a credit union. I'm trying to figure out how to get creative with funding. For a first time investor, is it smart to go the more tradition route with a mortgage (assuming 20% down payment)? I'm also thinking about possibly refinancing and withdraw my initial amount out of the property. Is there a certain time period where I have to hold onto the property before I'm able to refinance and cash out my initial investment?

Super excited to start this journey and I appreciate any feedback or knowledge you can provide!