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Updated over 2 years ago on . Most recent reply

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Getting Started In SE Michigan

Lorenzo Spurrier
Posted

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?  

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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,363
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Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

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:

  • Nathan Gesner
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The DIY Landlord Book
4.7 stars
168 Reviews

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