New Member (Seattle, WA & Detroit MI Area)

New Member (Seattle, WA & Detroit MI Area)

Investor · Irvine, CA · Member since 2014 · 39 posts · 3 votes

Hello,

My name is Andre. I have 10+ years’ experience buying, rehabbing and renting out properties. In the last few years I’ve recently accelerated my investment activity. In 2013, I became licensed Broker in the State of Washington & licensed Agent in the State of Michigan to help me in researching, spotting and structuring my investment deals.

I’m joining Bigger Pockets for Networking & Education opportunities. I’m interested it meeting likeminded investors and just staying in touch with the markets.

My Niche Specialty: Real Estate investing in the City of Detroit (It was my hometown for 25+ years and I know most of the neighborhoods very well. I own property within the city and also the metro area that I have been renting for several years.) To say the least it’s easy to blow/lose your investment in this area if your not very familiar with the city.

Currently, I reside in the Seattle Metro area. It’s largely opposite of the Detroit market. Currently the city of Seattle has very low housing inventory and the single family home buyer market is competitive. Recent information shows the Seattle (King County) area population continues to grow and has an average median sales price for single homes of ? $426,000 as of October 2013. This is down from a $500,000+ average price during 2007/2008 but the median has been steadily climbing back.

Thanks for taking the time to read my intro.

Andre

0Reply
34 views

24 Replies

Jump to latestLatest
  • Paul TschetterPro Member
    Lender · Freeland, WA · Member since 2012 · 103 posts · 23 votes
    12y

    Welcome to BP!

  • Investor · Irvine, CA · Member since 2014 · 39 posts · 3 votes
    12y
    Thanks Paul! Nice to meet you
  • Real Estate Broker · Long Beach, CA · Member since 2013 · 81 posts · 28 votes
    12y

    Hi Andre,

    Welcome I'm new here also...I specialize in creative financing but I also co invest buying inexpensive homes in the Upper Peninsular of Michigan..reselling holding the first mortgages the ROIs are amazing if intersted give a a shout

    Bill

  • Investor · Stockton, CA · Member since 2013 · 92 posts · 12 votes
    12y

    Welcome to BP Andre! Sounds like you've got alot of knowledge to share.

  • Investor · Irvine, CA · Member since 2014 · 39 posts · 3 votes
    12y

    Thanks for the Welcome Patrick & Bill!

  • Investor · Snohomish, WA · Member since 2013 · 629 posts · 84 votes
    12y

    Welcome Andre! Two very interesting markets to focus on!

  • Investor · Snohomish, WA · Member since 2013 · 629 posts · 84 votes
    12y
  • Investor · Bellingham, WA · Member since 2013 · 210 posts · 138 votes
    12y
    'Tis true about the prices here in the Seattle metro area. :) While I'm excited to be a noobie to "making money" in RE, I'm even more excited that my house, that we bought last fall, has already appreciated enough to break even if we need to sell. It almost makes up for losing our a-double-esses on our last house which we bought in DE in May 2006....and sold in Mar 2010. Still paying for that one (literally). Maybe I'm getting all of my "noob" RE mistakes out of the way as a homeowner, which will make the transition a little smoother to "investor". ;) Welcome! Feel free to add me!
  • Mercer Island, WA · Member since 2014 · 16 posts · 3 votes
    12y

    Andre welcome to BP.

  • Investor · Ironwood, MI · Member since 2013 · 68 posts · 15 votes
    12y

    Welcome Andre, Tons of great info here.

  • Investor · Charlotte, MI · Member since 2012 · 32 posts · 6 votes
    12y

    A welcome Andre from the west side of Michigan!

  • Investor · Irvine, CA · Member since 2014 · 39 posts · 3 votes
    12y

    Zach thanks for the info on the Snohomish County REI meetup.

  • Investor · Irvine, CA · Member since 2014 · 39 posts · 3 votes
    12y

    Randy thanks for the welcome. I spent a few years on the West side of MI in Kalamazoo and have also been to Grand Rapids a few times.

  • Insurance Agent · AZ · Member since 2013 · 306 posts · 161 votes
    12y

    Welcome Andre!

    I'll definitely make sure to look you up when I move to the Seattle area later this Spring/Summer.

    Best of luck to you!

  • Real Estate Investor · Kirkland, WA · Member since 2012 · 480 posts · 116 votes
    12y

    Welcome @Andre M.

    Nice to see another local join the BP community. Check out the learn tab up above. Lots of good info. BP is a great place to network and learn from the experience of others. See you around the forums.

  • Investor · Irvine, CA · Member since 2014 · 39 posts · 3 votes
    12y
    Originally posted by @Karyn T.:
    'Tis true about the prices here in the Seattle metro area. :)
    While I'm excited to be a noobie to "making money" in RE, I'm even more excited that my house, that we bought last fall, has already appreciated enough to break even if we need to sell. It almost makes up for losing our a-double-esses on our last house which we bought in DE in May 2006....and sold in Mar 2010. Still paying for that one (literally).

    Maybe I'm getting all of my "noob" RE mistakes out of the way as a homeowner, which will make the transition a little smoother to "investor". ;)

    Welcome! Feel free to add me!

    Karyn, thanks for the welcome, nice to meet you. The markets here is WA are definitely heating up quickly with prices recovering. There is also a ton of new construction going on everywhere I look these days in both the King and Snohomish County areas of WA. I am glad your recent house purchase is working out well. I think most noobs and experienced investors alike took a haircut in property value if they purchased at market value around 2005-2008 =(.

  • Investor · Irvine, CA · Member since 2014 · 39 posts · 3 votes
    12y
    Originally posted by @KYLE Z.:
    Welcome Andre, Tons of great info here.

    Nice to meet you Kyle. Ironwood, MI bundle up my friend think its around -11F there tonight.

  • Brandon TurnerPro Member
    Investor · Maui, HI · Member since 2009 · 13k+ posts · 3k+ votes
    12y

    Hey @Andre M. welcome to BP! Thanks for introducing yourself!

  • Investor · Irvine, CA · Member since 2014 · 39 posts · 3 votes
    12y
    Originally posted by @Chanté Owens:
    Welcome Andre!

    I'll definitely make sure to look you up when I move to the Seattle area later this Spring/Summer.

    Best of luck to you!

    Chante thanks for the Welcome. Good luck with your move this Spring/Summer, that is definetly a nice time of year to be in Seattle.

  • Investor · Irvine, CA · Member since 2014 · 39 posts · 3 votes
    12y
    Originally posted by @Brandon Turner:
    Hey @Andre M. welcome to BP! Thanks for introducing yourself!

    Thanks Brandon for the Welcome. BiggerPockets is great site with lots of information and a active community.

    -Andre

  • Investor · Irvine, CA · Member since 2014 · 39 posts · 3 votes
    12y
    Originally posted by @Gerald K.:
    Welcome @Andre M.

    Nice to see another local join the BP community. Check out the learn tab up above. Lots of good info. BP is a great place to network and learn from the experience of others. See you around the forums.

    Thanks for the welcome Gerald! Good to meet another local investor.

  • Michele FischerPro Member
    Rental Property Investor · Seattle, WA · Member since 2013 · 2k+ posts · 1k+ votes
    12y

    Welcome, Andre, from a Washington state investor in a market more like Denver than Seattle. We hope to move back to Seattle in the coming years, and boy is there sticker shock in the equation! Rural has it's benefits... looking forward to seeing you on BP!

  • Kirkland, WA · Member since 2013 · 33 posts · 6 votes
    12y

    Welcome to BP!

  • Involved In Real Estate · Rochester Hills, MI · Member since 2010 · 812 posts · 178 votes
    12y

    Welcome Andre! Keep plugging! Who's managing your michigan detroit properties?

Join the conversationCreate a free account to reply, vote on answers and follow this thread.