BiggerPockets

Hey everyone I am just starting out as an RE investor. I've been starting out for the past year and half and still haven't managed to put a deal together :(. I've been digesting as much information as I possibly can, but I am a true believer in learning through experience as well.

I've been off to a slower start because I run my own non-real estate business that takes up a lot of my time! Even so, I am trying to find a deal to get my feet wet because I am so interested in the RE world.

My ultimate goal is to have my current business operating without me having to be there to give me the time and flexibility to focus on other business and RE opportunities.

My name is Shane by the way and I look forward to participating in some interesting RE discussions with you all!

For our market right now if you buy you are probably going to be holding regardless of what you think you are lol.

But to answer your question, buy and hold. Although I've yet to put a deal together because I need to get financing and we all know how that is going right now.

Yes I was just reading about that on this forum as well!

I'm thinking about checking out some local banks in Ann Arbor to inquire about their lending requirements anyway (for my small business as well).

Tiara, I've been in the fix and flip business for over five years now and can't imagine a scarier place to invest than Detroit. With all of the houses on the market at very low prices and record unemployment. Be very careful.

Steve I have been in the buy and hold business for over 7yrs full time. I just purchased another home in Detroit and it is doing well for me. It all about what you know.

Warren Buffet has the philosophy while you are afraid know you should have been afraid 5yrs ago. When is the last time you fixed and flipped a property. Every area is hurting. I don't even believe I see the famous FLIP THIS HOUSE SHOW on TV anymore.

Money in real estate is made when you buy not when you SELL.

Just returned from another prosperous venture in Michigan again. Shane let me know what you are working with and I can steer you in the right direction in Ann Arbor.

GO U OF M

SUCCESS BREEDS SUCCESS