Rae Chris
Networking, Meetups, recommendations in Southeast Michigan
6 December 2024 | 0 replies
Any known groups in MI that I could join?
Joe Belleville
New to REI in the Grand Rapids, Mi market
6 December 2024 | 4 replies
My wife and i are just starting out in real estate investing in the Grand Rapids, Mi market.
Brandon VanTuinen
First house hack - too expensive?
20 December 2024 | 9 replies
Rookie real estate investor looking for some advice:I purchased a duplex in Grand Rapids, MI last October (2023).
William Causey
Assignment vs. double close
19 December 2024 | 2 replies
For example, in Michigan those additional expenses would include revenue stamps owing for two closings.
Blake Grzybowski
Can't find Pre-Foreclosure Properties
15 December 2024 | 8 replies
.: Quote from @Blake Grzybowski: I am a wholesaler in Michigan and would like to start reaching out to potential sellers who are in the pre-foreclosure process.
Caleb Johnson
Comping Homes in Detroit
18 December 2024 | 4 replies
We see a lot of success in the suburbs:Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 5-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.
Clare Pitcher
Leasing In the Winter Months
20 December 2024 | 3 replies
I had a tenant that wanted to renew a lease, but only for 6 months - which would have left us in the middle of January (in Michigan :) Apparently they may inherit a somewhat run down house, and wanted to keep their options open.
Ryan Mcpherson
Rent out house and bleed for a while or sell it and hemorrhage once?
16 January 2025 | 23 replies
@Ryan Mcpherson 100% financing with no MI so I assume a VA mortgage?
Joel Florek
31 units in 30 months at age 24, $70k Annual Cashflow
9 January 2025 | 116 replies
So I sat on the sidelines being very impatient.While I looked for deals of 8 units or larger in Wisconsin, Michigan and Indiana I let my cash build up.
Shawn Smith
I’m an investor from Toronto currently looking to invest out of state
17 December 2024 | 4 replies
I’m looking at the Detroit Michigan market