Getting Started In SE Michigan

[Lorenzo Spurrier]

Hi, I'm a licensed Realtor/Builder in SE Michigan.  I have been in Real Estate sales for going on 5 years now.  The money is great, however, the work doesn't fulfill me at the end of the day.  I'd like to get into Real Estate investing and do residential redevelopment.  I have a few years of experience in manual labor.  I've done complete remodeling of kitchen/baths along with rough carpentry/roofing.  I have the tools, experience, education, and finances to move forward I just don't know how everyone is finding these off-market properties that turn a 10% profit at least.  It seems as if every deal I've analyzed from a number standpoint is a total loss or will result in breaking even.  What are some methods you successful investors are using to acquire and execute these transactions and turn a profit?  

[Nathan Gesner]

Ashley started out as a waitress making $20,000 a year and she's now up to 60+ rentals making $200,000 a year. I think there's room to succeed in Detroit. Here's her podcast:

[Matt McGuire]

You have to invest in marketing. Successful investors that are getting off-market properties are sending thousands of mailers every month to lists that they purchase. You really have to commit to that if you want off-market deals. Or you need to find someone who is doing that and get on their investor list so you get sent the wholesale deals. 

[Jim Wellington]

Either by marketing or networking you can find off market properties. Connect with other agents and let them know what you’re looking to purchase. Go to local in person meetups or starting marketing.

[Todd Vernon Chunn]

I am a local agent, wholesaler and I flip 4 to 6 properties each year. Feel free to reach out to discuss and I can point you in the right direction. TC

[Drew Sygit]

@Lorenzo Spurrier real estate investing and residential development are two different things. 

Which excites you more?