Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

I'd target areas near colleges or transit hubs for affordable properties, and I’d look into financing options like FHA loans or creative financing to make the most of my capital.

I will throw this out there, but you do NOT need 40 doors to reach your financial targets (unless you're wanting a massive amount of monthly income). 

Here’s our OPINION for the Metro Detroit market (use as a template for your target area!)

Those properties that are obviously vacant - as well as those you advertise for 'immediate occupancy' are well-known targets of squatters. 

With $50k, you likely have enough to get started, especially if you target lower-cost markets or use a strategy like house hacking.

I’ve had to widen my search radius to smaller suburbs or target properties needing light cosmetic work to make the numbers work.Value-add opportunities: Adding amenities tenants love, like finished basements or upgraded kitchens, seems to justify rent premiums in this market.Navigating the competition:Be creative with financing: Seller financing or partnering with other investors has been helpful to secure deals when conventional offers didn’t cut it.Work with local agents and wholesalers: They often have their finger on the pulse of off-market opportunities, which is critical in a hot market.For those new to suburban Chicago investing, I’d say the key is finding the “sweet spot” neighborhoods—ones on the rise but not yet maxed out in price.

For those that need a property eligible for immediate launch, the target can be smaller. - Expect buyer competition.

Hello Guys,As someone who’s built sales funnels for marketing agencies, I’ve been diving into strategies that could work specifically for wholesalers—and I wanted to share a few ideas that might help you streamline your lead generation and close more deals.3 Proven Funnel Strategies for Wholesalers:* Capture Leads with a Targeted Landing PageSkip the generic “Contact Us” pages!

The upgrade basically put a target on my back with the fire marshall as he came by to inspect the work and found that there were a few compliance issues.