Hi Everyone! My name is Ashley and I am a new member to Bigger Pockets! The last few years I have been saving up my money to buy my first duplex to rent out and live in. I am just so excited to get started, I can’t wait any longer! My real estate experience started 5 years ago when I became a loan officer. I then dabbled at a title company. Now currently I have been working as an underwriter. I want to be on the other side of the transaction now!
I currently live outside of Detroit. There aren’t too many multi-family homes for sale in the Metro Detroit area. I am planning to wait until spring/summer to buy, hoping there will be more out there.
My one question to everyone right now: if you could pick 1 book for a beginner to read first, which would it be!!
Thank you everyone!
@Ashley Noble rich dad poor dad & principals by Ray Dalio
@Ashley Noble the book on managing rental properties is a good one!
Hey, I started house hacked in 2016 in Dearborn, it has helped me really learn more and pay less lol. I hope you find something that fits you, but I recommend doing it.
#1 book to read first - rich dad poor dad if you read that one then millionaire next door
House Hacking by Craig Curelop. I’m reading it now and I’m also looking for my first house hack in the Detroit area! Let’s connect!
@Salliece McCain nailed it. My wife and I house hacked, and Brandon Turner’s book on managing rental properties was the the most actionable and hands on book we read. We used a lot of the resources that you get access to in it and took away a ton that we use to this day.
Hi @Ashley Noble ,
I am in the same position as you, researching/saving for multifamily investing in metro Detroit. I am also looking to house hack. I would suggest the Four Hour Work Week by Tim Ferriss. I am going to read "The House Hacking Strategy" next.
Good luck to you!
I just bought my first house hack in Detroit as well. It's a single family home, but it's a four bed and I'm renting out the rooms. My roommates are way more than covering the payment as it is a land bank home owned outright! They dont even mind living in a partial construction zone, as only things like drywall are needed. (We did a total gut and rehab before they moved in). Planning on doing a cash out this May and looking for a duplex then! Let's connect, I'm needing to connect with like minded investors in the area. Best of luck, this journey is a blast!
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