Hello from Michigan

[Thomas Utley]

Hello everyone,

My name is Tom and I'm planning on getting started in some form of real estate investing in the next year or two. I'm leaning towards single/multi family rentals in the metro Detroit area (suburbs). I've been interested in real estate investing since I was 18 and have finally decided to give it a shot (midlife crisis?). I have a good paying job so real estate will be more of a part time venture for me (at least at first). I've been doing lots research in the form of reading and podcasting. I have a background in home construction and have a pretty solid remodeling skill set. The BRRR strategy seems very efficient to me and that's the model I think would work best for me.

I am a bit concerned that the current market conditions in Michigan (high prices, low inventory) will make finding a suitable property difficult. Any advice for a new investor in the current housing environment?

Thanks!

- Tom