Hey everyone, I’m trying to decide between purchasing a single-family home or a multi-family property for my first real estate investment in Detroit, and I’d love to get some advice. 

What type of property do you plan to purchase(Single, multi, commercial, etc) and where do you plan to buy it?

Quote from @Roger D Jones: Quote from @Fred Scott: @Roger D Jones:  Any insights on why the North Carolina purchase in Fund IV makes you nervous?

Purchase price: $380,000 Cash invested: $135,000 Annual rental to be turned into STR when tenant vacates What made you interested in investing in this type of deal?

Purchase price: $232,500 Cash invested: $45,000 Beautiful fully renovated Shore Acres 2/1.This house really stands out on the block with the new bright paint scheme!

My fiancé and I just recently purchased our second rental property and have listed it on Furnished find.

@Wade Wisner -  Most of the notes that we purchase we keep in our portfolio and borrow against them with private capital.

Santarelli allegedly purchased from a government auction from the bankruptcy trustee and relaunched online.

If your doing REI to it's full potential, you don't pay 100% of the purchase price up front in cash.

Typically starting with a smaller rehab budget of $50K or less (maybe a max of $75K) and avoiding a 1 to 1(or higher) ratio of purchase to rehab costs is recommend when you are first starting out.