23 Year Old w/ 5 Rentals in Dearborn, MI

23 Year Old w/ 5 Rentals in Dearborn, MI

Rental Property Investor · Dearborn, MI · Member since 2018 · 20 posts · 16 votes

Hello all,

I got started in real estate at 19 years old when I closed on a junky $59,500 barn-looking-house 4 miles away from the University of Michigan-Dearborn. I distinctively remember the fear of the unknown the first night that I slept in the place on an air mattress. No tenants lined up, aesthetic rehab planned, and a lot of motivation to live for free.

Fast forward: I got the bug somewhere around 2016 and continued to buy a rental or two every year. In 2019 I'll get another 3. My father helped me along the way with both acquiring financing and DIY. With great influencers throughout my life, being the next Dan Gilbert for Detroit is the goal.

Great to be here. Bigger Pockets has proven to be a phenomenal community of knowledge and helpfulness. Please, ask me anything I may be able to help you with. I know a little bit about college rentals, DIY, and grit. If you're in the area, I'd be happy to meet.

Best,

Alex

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Real Estate Broker · Northeast PA · Member since 2017 · 2k+ posts · 2k+ votes
7y

While I do not have any idea who Dan Gilbert is, I must say CONGRATULATIONS to you (and your dad).  Great job!  Keep facing your fears, keep investing and moving forward!

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  • Real Estate Broker · Northeast PA · Member since 2017 · 2k+ posts · 2k+ votes
    7y

    While I do not have any idea who Dan Gilbert is, I must say CONGRATULATIONS to you (and your dad).  Great job!  Keep facing your fears, keep investing and moving forward!

  • Rental Property Investor · Hawthorne, CA · Member since 2018 · 655 posts · 900 votes
    7y

    @Alexander Krasuski

    Nice Keep up the good work!

    At 19 my son chose to leave California and attend Indiana University.  I gave him the option to go to Community College and use the money that was going to be for out of state tuition for investing in real estate but he turned it down.   

    Great that you are getting an early start on your financial future.  Keep it up!!!

  • Developer · Atlanta and Detroit · Member since 2018 · 601 posts · 821 votes
    7y
    Originally posted by @Alexander Krasuski:

    Hello all,

    I got started in real estate at 19 years old when I closed on a junky $59,500 barn-looking-house 4 miles away from the University of Michigan-Dearborn. I distinctively remember the fear of the unknown the first night that I slept in the place on an air mattress. No tenants lined up, aesthetic rehab planned, and a lot of motivation to live for free.

    Fast forward: I got the bug somewhere around 2016 and continued to buy a rental or two every year. In 2019 I'll get another 3. My father helped me along the way with both acquiring financing and DIY. With great influencers throughout my life, being the next Dan Gilbert for Detroit is the goal.

    Great to be here. Bigger Pockets has proven to be a phenomenal community of knowledge and helpfulness. Please, ask me anything I may be able to help you with. I know a little bit about college rentals, DIY, and grit. If you're in the area, I'd be happy to meet.

    Best,

    Alex

     Congrats, Dearborn is a good neighborhood

  • Rental Property Investor · Detroit, MI · Member since 2018 · 380 posts · 244 votes
    7y

    Hey @Alexander Krasuski 

    I went to U of M Dearborn and have a duplex in Dearborn. Let's meet sometime! 

  • Rental Property Investor · Dearborn, MI · Member since 2018 · 20 posts · 16 votes
    7y

    Thank you @Marc Winter, @Damaso Bautista, and @Marisa R. for the congratulations. I couldn't have done it without tremendous people in my life.

    @Jamiel Strickland, check your inbox!

  • Flipper/Rehabber · Metro Detroit · Member since 2018 · 13 posts · 12 votes
    7y

    I've been looking into Dearborn well forming the "what's next" agenda. They have some really nice multi families there. I have a rental in Lincoln Park and reside in Allen Park on Allen Road for a live in flip currently. Would love to chat! 

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