Michigan has been good to me
Hi guys,
I'm a investor / business owner ( sell windows and doors) in Oakland county, Michigan (North of Detroit)
I have SF (22) and small MF ( 14 units in 4 properties) and 1 commercial (where I run my business and also sub lease to 4 other occupants)
I started when I was 17 with $3k in 1987 and just kept doing BRRRR's / hacking it has worked out well for me. I hired a PM to handle all the SF but I still self manage the rest.
Now 47 with a wife and 2 young kids I'm looking for direction. My wife and I live comfortably, but I wonder if I should transition into larger MF. I have little depreciation on my higher value property And lots of Equity that is getting a minimum return.
I would consider selling all for the right property.
I've listen to the BP podcast many times hearing investors say they wish they had kept them all. But I feel a little burned out on my multiples. Not sure why, there easy. Just want something new and shining I think.
I would like to have something with its own management / maintence people. 100 units or more. Possibly a partnership .
Also could use the larger depreciation as my wife and I are both working professionals.
Looking for any feedback.
Thank you
Jeff
Most Popular Reply
Very impressive story! I will definitely refer clients your way when they are in need of doors and windows, if it helps you out more. You've done so well, I think you will continue to grow!
Best of luck to you,
Andrew McManamon