If you are planning on selling, contact a realtor to make sure you are getting a fair value for your house. 

Specifically I am trying to figure out the best vehicle through which to conduct our REI.

We are building a place with HELOCs then after it is built we will finance it and pay off our HELOC, at least thats our plan. 

In addition to your down payment, plan for closing costs (around 2-5% of the purchase price) and set aside at least 3-6 months of expenses for repairs, maintenance, and vacancies.

I’ve built a 12-door portfolio here since 2019, and it’s been one of the best decisions I’ve made in real estate.If you’d like to dive deeper into Detroit-specific strategies or need some pointers on how to get started, feel free to reach out!

I'd like to accumulate enough properties to cash flow 6 figures, which would likely be a 20 year plan. 

Baselane is a banking and bookkeeping platform that was built specifically for real estate investors.

If you have specific questions about property management, I'll be happy to help!

I have talked with a few MTR specific investors recently who are transitioning their properties to long term rentals because they are sitting vacant.

For example, are there specific documents or information I should prepare, or would identifying a target property first be more beneficial?