Newbie

13 Replies

I have no experience with real estate besides a few courses Ive take sporadically through my last 3 years. My ultimate goal is to purchase a few homes in Michigan and then branch out to other areas as a landlord. Finding the financing seems to be my ultimate headache since many lenders dont care to lend on homes less than 30k. 

Just here trying to soak up as much as possible.

@Rachel Shelton

Welcome to the BP family! You came to the right place to learn all about real estate investing! Here are some recommendations for you:

Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meet

Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts

Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing

Check out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/

If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box. He or she will be notified of being tagged so that the conversation will continue.

Wishing you the best! 

Originally posted by @Dmitriy Fomichenko :

@Rachel Shelton

Welcome to the BP family! You came to the right place to learn all about real estate investing! Here are some recommendations for you:

Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meet

Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts

Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing

Check out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/

If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box. He or she will be notified of being tagged so that the conversation will continue.

Wishing you the best! 

 Thank you Dmitriy!!! There's so much information here- one can definitely get overwhelmed. I will definitely use the resources you referenced!

@Rachel Shelton Hello, I used to live on the West side of Houston over by 6 and Westpark. With that said....and knowing the Houston and Michigan market why would you want to buy in Michigan when you can find a lot better deals in an expanding area like Houston? I am a Realtor and it pains me to possibly be turning down a potential client but I can personally tell you the ghettos of Houston are better then the ghettos of Detroit where you are going to find these 30,000 properties. I would recommend searching around your home before branching out 1500 miles. I would also recommend going to some landlord associations in the area to expand your knowledge, there are a lot of good ones down there.

There's far more to Michigan than Detroit.  Loads of investors outside of Detroit are buying up rental properties like mad. It's a very active market out here.

Originally posted by @Annette Hibbler :

There's far more to Michigan than Detroit.  Loads of investors outside of Detroit are buying up rental properties like mad. It's a very active market out here.

 This is indeed true but I have always been a city girl and its where I want to be. Especially near the colleges. My family is in Ann Arbor and Flint as well as some other little towns(All Native New Yorkers).

I dont want to stay in Texas- however if I can find a good enough deal i would purchase but still leave.

Free eBook from BiggerPockets!

Ultimate Beginner's Guide Book Cover

Join BiggerPockets and get The Ultimate Beginner's Guide to Real Estate Investing for FREE - read by more than 100,000 people - AND get exclusive real estate investing tips, tricks and techniques delivered straight to your inbox twice weekly!

  • Actionable advice for getting started,
  • Discover the 10 Most Lucrative Real Estate Niches,
  • Learn how to get started with or without money,
  • Explore Real-Life Strategies for Building Wealth,
  • And a LOT more.

We hate spam just as much as you