Updated almost 4 years ago on . Most recent reply
First time into Real Estate
I'd like to get in to the Real Estate business in Michigan but there a couple of things that keep stops me from moving forward.
1) Finding the renters.
To find the renter on a single family house, do i go through an agent who advertises for me? Where can i advertise (paid or free) my house? How many platforms do you usually advertise on?
2) Finding contractors to do design and renovate.
I definitely want to take part in designing the interior but i'm not a professional so i would like the professional to work with my design and make it better.
I'm hearing that it's pretty difficult to hire contractors since they are all booked, and not to mention that the labor cost and material are a lot higher than before the pandemic. I don't even know where to find reliable contractors.
Honestly, this is the biggest thing that's holding me back.
I have 0 connections in this area. I've joined a few facebook groups. i can't tell if most of them are scammers or not. A lot of them spam their info.
3) with all this unstable things going on in America, China, North Korea, Omicron and more, i can't decide if i should wait out till next year. If i do wait out on RE till next year, then i'd look into other business ideas.
Please let me know what you guys think, and any suggestions would be appreciated.
If you are in Michigan then i'd like to link up.