Lucas Rodrigues ferro
Advice on Approaching Local Investor for Profit and Loss Partnership
11 February 2024 | 3 replies
Hello community,I am reaching out to seek some valuable advice from experienced investors on approaching a local partner for a unique situation I find myself in.I currently own a fourplex unit in Baton Rouge, but due to a relocation to Michigan, managing the property has become a significant challenge.
Forest Wu
Best Cities for 2024? Strategies?
12 February 2024 | 31 replies
What I often see pitched in OH and MI are 100year old houses.
Robert Fisher
Illegal parcel split?
10 February 2024 | 6 replies
I am interested in purchasing a bank-owned property in Northern Michigan, however there seems to be one major problem.
Jonathan Weinberger
Today I fired the Own It Detroit team after spending over $800k with them.
12 February 2024 | 60 replies
im out of flint michigan, I come across land contracts everyday. 20-30k. 5k down. usually need about 20,30k rehab and rental is roughly 850 900 or like you do section 8 so 1200. or to fix and flip your looking at around 50-80k i would like to either get in touch with a mentor or an investor in regards to moving forward on the RIGHT WAY to start out. if this sounds like something that is interesting to you. please let me know. thanks-Jake riddleHey Jake -- My biggest advice to you is to just start.
Mike Rutallie
Please poke holes in this Lease option strategy
10 February 2024 | 4 replies
This is part of an association of a handful of properties that share a private beach on a highly desirable lake in Michigan.
Ryan Tongue
Finding "red flags" on older property listings.
9 February 2024 | 24 replies
Hi all, quick question today.I've been looking at a few older property listings while searching for a buy-and-hold rental property in Michigan.
Pandu Chimata
Heloc for Investment Property
9 February 2024 | 24 replies
FL, NY, MD, CA, VA, NJ,Horizon Bank, Kalamazoo MIHuntington MI 75% LTV 5 yr IO product available.
Leroy K. Williams
Using existing property to create line of credit for flips
9 February 2024 | 4 replies
Even facebook will have several "Michigan" or "Detroit" based real estate investor groups.
Adam M.
GP Advice? Maintaining Communication With Passive Partners (When NOT in a deal)
9 February 2024 | 10 replies
@Adam M., I would say this all has to do with your bandwidth, network size, goal of those interactions, and personal style.Of course you can pick up a phone and call people.
Sonya C.
Out-of-state real estate investing for beginner
8 February 2024 | 17 replies
.$100k a year and also built a lot of equity which opens up a lot of doors as well.Here is the primary target...Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: 1%-1.4% rule dealsROI: 10-14%Cash flow: $150-$300/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.