New to Real Estate - Wholesaling in Michigan

New to Real Estate - Wholesaling in Michigan

Real Estate Investor · Troy, MI · Member since 2010 · 6 posts · 0 votes

Hi Everyone! My husband and I are new investors and we are starting our by Wholesaling. We're in the Troy, MI area (about 30-40 min from Detroit). Specifically, we're focusing on Oakland County, MI right now. I'm really excited to meet everyone I can and network around the BiggerPockets site. If you're in Michigan (or even elsewhere), give me a shout! I'd love to connect!

:cool:

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Real Estate Investor · Palm Harbor, FL · Member since 2009 · 79 posts · 76 votes
16y

Hi Gwen,

I'm in Florida but I have a friend or 2 in the Oakland County Michigan area. I hear they have a good REI group there. My friend Jerry Norton does about 10 to 15 rehabs at a time. He's a great guy and if you run into him tell him I said hello.

You'll get a wealth of info. here on BP, people are eager to help. Let me know if you have any questions on wholesaling and I'll be happy to lend a hand.

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  • Real Estate Investor · Palm Harbor, FL · Member since 2009 · 79 posts · 76 votes
    16y

    Hi Gwen,

    I'm in Florida but I have a friend or 2 in the Oakland County Michigan area. I hear they have a good REI group there. My friend Jerry Norton does about 10 to 15 rehabs at a time. He's a great guy and if you run into him tell him I said hello.

    You'll get a wealth of info. here on BP, people are eager to help. Let me know if you have any questions on wholesaling and I'll be happy to lend a hand.

  • Real Estate Investor · Kalamazoo, MI · Member since 2010 · 681 posts · 241 votes
    16y

    Welcome to Bigger Pockets, Gwen!

    We're on the other side of the state in Kalamazoo. We don't do any wholesaling, but if you run across any short sales you'd like to refer, we would love to pay you a referral fee!

  • Residential Real Estate Agent · Southfield, MI · Member since 2010 · 13 posts · 2 votes
    16y

    Hello Gwen,

    I get properties mostly in Wayne county, but do get some occasionally in Oakland. I set up land contract notes and look to sell to investors at discounted cash prices. It is more of a passive investment, annual returns are 13-18% cash flowing 600 a month. All homeowners are qualified. If you would like to hear more please send me a message. Thanks, and good luck!

  • Residential Real Estate Broker · Grand Blanc, MI · Member since 2008 · 885 posts · 316 votes
    16y

    Welcome!

    If you come across anything in Genesee County, please let me know. I invest extensively in Genesee County.

  • Real Estate Investor · Lake Orion , MI · Member since 2010 · 2 posts · 3 votes
    16y

    I am just starting out myself, I just purchased my first rental and I am now looking to do my first flip. Let me know if you find any deals

  • Real Estate Investor · Fishers, IN · Member since 2009 · 408 posts · 196 votes
    16y

    Hi Gwen,

    Welcome to biggerpockets.com. If there are any questions you have, please let me know.

    Kevin

  • Anthony JohnsonPro Member
    Investor · White Cloud, MI · Member since 2015 · 46 posts · 2 votes
    11y

    Hello Gwen,

    Welcome to bigger pockets! I live near Grand Rapids Michigan but visit Troy often to see my family. I'd love to connect with you to learn more about what you're doing seeings how I'm new to wholesaling myself. With that in mind I do have a question for anyone interested in answering. I've read numerous books on wholesaling and it's definitely the niche I'm going to be working in but I'm also hearing that it may be illegal?? Any thoughts on this, and what's the best way to practice this kind of real estate without getting in any legal trouble? Thanks everyone!

  • Real Estate Agent · Flint, MI · Member since 2015 · 270 posts · 71 votes
    11y

    BIG SHOUTOUT to @Gwen Williams and your husband as well!!! Welcome to bigger pockets! I believe you have just found one of the best sites to help you get started. I'm new to investing and am in the Flint area and so far I have nothing but good things to say about this site as well as the other investors here. Anything you need make your request and contact me I will try my best to direct you In the right direction. 

    Best Wishes!

  • Laguna Beach, CA · Member since 2014 · 263 posts · 140 votes
    11y

    @Gwen Williams

    Hi Gwen,

    Welcome to BP and the world of real estate investing. It is wonderful to hear about your new business. This site is loaded with useful information and the people here are always eager to answer questions and help as much as possible. 

    The wholesale business is one of many ways to begin a real estate investment business. What is your goal for investment?  What kind of properties are of interest to you?  It will be great to follow you as you build your business, so please keep us up to date. 

  • Professional · Carlsbad, CA · Member since 2012 · 12k+ posts · 1k+ votes
    11y

    @Gwen Williams

    BP is full of useful resources. Welcome to the Bigger Pockets community-be sure to check out all the awesome BP blogs under “Learn.”

  • Investor · Rockford, MI · Member since 2013 · 116 posts · 54 votes
    11y

    I am not a wholesaler but there are several posts on BP that address that concern. 

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