Newbie looking to start but, living in central, Michigan

Newbie looking to start but, living in central, Michigan

Big Rapids, MI · Member since 2013 · 3 posts · 0 votes

I have been a podcast listener for about eight months and this is my first real visit to the site. I created a profile several months ago but, never took any action or made any posts. I thought there wasn't anything that could work in my area or if it did it took money that I do not have. After listening to podcast #45 I finally decided, maybe this can work in my area?

I have never done a deal but, I have been learning for years about real estate. Always jumping to the "shinny object" but, never getting any where. I currently live in Big Rapids, MI but, would like to start investing in my home town of Traverse City, MI, which is about 90 miles north. It is a beautiful vacation destination during the summer when school is out and has a growing population.

My original idea was to start wholesaling in order to generate cash to purchase buy and hold property. I have found a REI club but, it is 70 miles south of where I live now. I was hoping to connect with someone in the Traverse City area who is currently wholesaling, flipping, or holding properties that would be open to lunch and sharing what they know.

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  • Kalamazoo, MI · Member since 2013 · 72 posts · 10 votes
    12y

    Hey Scott, welcome to the site! That whole Leelanau Peninsula area is beautiful. I'll bet you can find lots of deals on vacation homes around Traverse City, Charlevoix, and Petoskey.

    What REI club did you find 70 miles south? I live in Kalamazoo so it might be close enough to my neck of the woods to check out. Like you, I haven't done a deal yet. Just full of knowledge and a strong desire to act.

  • Big Rapids, MI · Member since 2013 · 3 posts · 0 votes
    12y

    The club is in Wyoming, MI. It's in the Grand Rapids area. Here is a link to their site. I didn't find it very helpful though:(

  • Kalamazoo, MI · Member since 2013 · 72 posts · 10 votes
    12y

    @Brandon Krieg gave me this link, which you could try out too. Haven't known about it long enough to attend anything yet, but it might be worth looking into.

  • Lexington, KY · Member since 2009 · 2k+ posts · 1k+ votes
    12y

    Welcome to BP Scott. I cannot help with the location, but congrats on deciding to be active on the site, I know you will find it a much more valuable resource when you engage the community. Good luck!

  • Specialist · Grand Rapids and Kalamazoo, MI · Member since 2013 · 392 posts · 116 votes
    12y

    Welcome @Scott McMahan ! I have family in Big Rapids... very cool. I understand the drawbacks of driving. I would say I drive between 45 minutes and an hour to see most homes that I look at - one of the downsides of living in a smaller area!

    There is definitely a lot of possibility in Grand Rapids and the areas north of there... Muskegon, Holland, Zeeland, and GR itself if you can make the drive. I'll give a shout out to @Scott VandenBerg as well, because I know that he does work north of GR too.

    Unfortunately, I don't know anyone in the TC area that works in real estate. However, I do feel strongly that it can work in your area!

    Congratulations on making the jump, and keep up the awesome work.

  • Investor · Grand Rapids, MI · Member since 2012 · 158 posts · 49 votes
    12y

    Welcome to BP, Scott. Hopefully our paths will cross in the mitten some day.

  • Specialist · Rockland, MA · Member since 2010 · 7k+ posts · 2k+ votes
    12y

    @Scott VanScoy

    Welcome.

    Check out the Start Here page http://www.biggerpockets.com/starthere

    Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.

    Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Search for the clubs on google. If you locate a landlord association meeting attend check with members for any meetings they know about.

    You could set up your own BP Meetup as a way to gather people.

    Good Luck

    Paul

  • Flint, MI · Member since 2013 · 106 posts · 38 votes
    12y

    Welcome, Scott! Both Grand Rapids and Traverse City are great markets where you can do well. I wish you the best!

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