New investor in Lansing, MI
Hello! My name is Ethan Evans and I'm new to Bigger Pockets and investing. I live with my family in the Lansing, MI area and am looking to buy my first investment property as a buy-and-hold rental.
I have a real estate agent that I've worked with previously and am now getting an LLC setup for this first property. I grew up as a Dave Ramsey so I want to do a 15 year mortgage on my rental properties, but still have more learning to do about other types of financing and what makes sense for my strategy and comfort level.
I am also seeking a quality rental management company as I don't want to manage all of the day to day as I'm getting started. Any recommendations are most appreciated!
For the property itself, I want to start small and buy under $80,000 either a single family or multi family home, preferably with tenants already, and something that's already in good condition. I'll try some fixer-uppers later on; my day job keeps me pretty busy right now.
I'm looking forward to meeting many of you in the forums and value any advice and encouragement you can offer this guy!