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19 February 2025 | 15 replies
A couple that come to mind in addition to the ones @Drew Sygit mentioned:Dirty House Buyers (Ann Arbor/Ypsi area - look for their FB group - 1st Tuesday of the month)Ann Arbor (AAREIC) has a meeting every other Thursday morning at Union RecThanks,Marcia
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3 February 2025 | 37 replies
I have known one to get a 10yr commitment.
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30 January 2025 | 6 replies
Learning how to responsibly use debt is one of the best tools any real estate investor has at their disposal.
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5 February 2025 | 2 replies
As I build my career as an agent, I’m also passionate about real estate investing, specifically with a goal of purchasing multi-family, buy-and-hold properties where I can live in one unit and rent out the others.I’m here to network, learn from experienced investors, and contribute to the community.
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30 January 2025 | 7 replies
Hello everyone, I am reaching out to the BP Community for suggestions.My Portfolio100% owner of 7 SFH PropertiesGP in about 30 SFH properties(of which I own somewhere between 25% to 50%)All but two properties are managed by a PM CompanyNet worth of the above is about $2,000,000 - $2,500,000My IssuesI have many SFH's - Which take up time(Currently spending time paying property tax and insurance, requesting quotes on insurance policies and overseeing the PM Company(approve rent increases, approve renovation projects, etc).They also take up head-space(having to remember property addresses, remembering when property taxes are due)(I have reminders/systems but something I would like to reduce)Goals1) Spend less time on Real Estate2) Free up head-space2) Make $240,000 annually from real estate(Which I think is not to hard if I can increase my net worth and can get an 8% return)Possible Solutions1) Sell all the SFH's and buy 4-Unit Properties to take advantage of conventional financing2) Sell all the SFH's and buy one large apartment complex3) Sell al the SFH's and invest in syndications4) Sell all the SFH's and purchase stock / bonds5) Continue to hold all the SFH's6) Any other suggestionsOther Considations1) Should I consider private notes?
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18 February 2025 | 11 replies
If the individual is the one providing the labor, they are responsible for taxes, and the employer should issue a 1099-NEC in their name (if an independent contractor) or a W-2 if they are an employee.
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3 February 2025 | 3 replies
Orange Street has always been one of the best streets to flip on.
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11 February 2025 | 9 replies
I have my own lease and handle it with a paper document, that way I can walk the tenants through the property on move-in day with a move-in checklist and a short tone-setting discussion of what I expect from anyone who rents one of my properties.
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11 February 2025 | 18 replies
In one case they used a notary at the local US consulate.
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7 February 2025 | 3 replies
Strategy Selection – With your interest in STRs, multifamily, and fix & flips, consider focusing on one strategy first to build expertise before branching out.