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I am from the Detroit metro area but I invest in Pontiac. The reason why I invest in Pontiac over Detroit and Flint is because the rent margins are simply not high enough for what you are paying for and putting time i...
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I just completed my FIRST FLIP! The rehab took approximately 3 ½ weeks. The home is a 2bd, 1ba townhouse that is slightly over 1000sq ft located in Illinois.Numbers:Purchase Price with closing cost: $55,290.25Rehab Co...
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Hey All!New to the world of real estate. I read a book (The Multifamily Millionaire), and am getting started. I'm educating myself and building a team to close on a multifamily property in the next six months. I have ...
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This is the After:This is when we bought it:This is going to be an in depth write up of the work we completed on my first flip, located in a wealthy suburb of Detroit that will hopefully net us around $150k (eat that ...
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Hello everyone. Going to get right to the point here...I'm 17 years old, will be a senior in highschool this year, and college is creeping up fast. There's no doubt REI is the path I am taking and several seasoned inv...
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I contracted to purchase an REO in December of 2010, skipping all the long and boring details, I finally just received word that the deal is accepted and I am now in escrow. I will not post any of the real numbers her...
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Guys, please help me out with your opinion.I ordered tiles and had them delivered to the property. I specifically told the contractor in writing, what tiles were to go on the bathroom floor and walls.Today he sent me ...
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I have been fortunate enough to have built my rental property portfolio quickly over the last year. I love real estate investing and am always very hungry for the next deal. At this point however, I am unsure of whe...
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I hear so many people asking what the best markets to invest in are. First, my answer is look in your own backyard to make sure that is not a good option. If you say, "thanks, but no thanks," to your home market, then...
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I still find this hard to believe. 95% of would be real estate investors never buy a single house. A few months ago, I ran into a lady who has been going to seminars and REIA for more than ten years. I asked her how m...