Quote from @Steven M.: I am planning to take out a home equity loan for an investment property, which will be purchased under my LLC. 

I am planning to do something similar in Michigan.

Geographically, Michigan, New York and Ohio are great states to invest in with low barriers to entry. 

Here in Michigan you need to be licensed as a real estate agent or broker to be legal.

You can hit those numbers in most every market in Ohio and Michigan.

In a nutshell, IL (where I live) too expensive of a market, but WI, MI, OH etc seems like you’d get more bang for your buck. also,  you can look at a City’s  consolidation plan and what their plans are for development to get a good forecasting of housing booms.

Here goes:Step 1: Obtain broker license in Michigan.

Hello,My wife and I are in the Lansing area.  We are thinking about doing my first deal and are here to learn and absorb as much as we possibly can.  If you're in our area I would love to connect and learn.Side note -...

Hey Celine, great questions.Our firm invests in Michigan and Ohio, with 90% of our holdings in southeast Michigan.

Investment Info:
Other commercial investment investment.

Bought the facility in the fall of 2022. There was a disconnected phone line, no website, people living in motorhomes illegally and only about 50 per...