Investor · Ypsilanti, MI · Member since 2016 · 14 posts · 5 votes
Hello BP. I am new to the site but have some experience with real estate investing. The problem is my prior network is from California. I just moved to the area for school and I'm looking for my next investments in A2, Ypsi, or maybe Detroit. I'm highly motivated. I spend a lot of time riding my bike through areas that I'm interested in buying in. I'm looking to make connections and start meeting with serious investors to learn and grow.
Hey, welcome to Michigan! I have been investing in Macomb and Oakland County for the past 5 years. If you have any interest or questions about anything in the area feel free to shoot me a message.
Hello BP, I am new to investing and real estate in general, I am from the Wayne County Michigan area. I am working towards becoming a license real estate agent in Michigan, I should be license by the middle of December, but the end goal is investing. I am familiar with a lot of the information about wholesaling, and some of the info about buying and holding, and flipping. I am ready to be full time in this business and could really use some guidance in getting my business off the ground any knowledge or information regarding the real estate market in Michigan will be greatly appreciated.
Hi Phillip, Welcome! I am an investor in Ypsi, and I spend my time walking my dog through areas I'm interested in! I've got 2 rentals which are going nicely, and am working toward my 2nd flip. I also attend the A2REI which is pretty active. Feel free to PM me and we can connect about specifics.
One suggestion: people probably have their keywords set to Ypsilanti (not Ypsi) and Ann Arbor (not A2), so your message might not be reaching the full intended audience.
I'm Tim and am currently living in Ann Arbor, close to Ypsilanti. I'm looking to start investing in a house for rent in Ypsilanti Township. Ann arbor is too expensive and Ypsilanti taxes are high. I said "start" because I have no experience, only the interest to get started, and some cash resources. Unfortunately, I don't know how to leverage the 28K I get as a gift every year into getting a loan. I feel kind of stuck which seems ridiculous because I could easily afford a good down payment on a 110-150 K home. There are some options in that range that look like they would be good for renting out. Maybe I can get some advice/guidance?
yes, Tim, you should totally get connected with the A2REI and pop into the Mastermind session. You can ask your question and people will be willing to share ideas. One idea is to partner with another investor to pool your resources. Yes, you can do this!
Thank you for the responses. I have been looking at a few areas in my free time. I have always been attracted towards MFR and see there are quite a few to consider.
In my own analysis, I have determined that A2 is way over-priced in value and taxes. I haven't seen a good deal there.
Ypsi has a lot of properties that fit my interest and many can be negotiated in price. There isn't much buying going on there. I feel that the taxes might be the issue. I haven't seen an area that is more appealing than others. There's a lot of charm downtown but those MFR are laid out a little weird and could present issues with young residents.
Detroit has a lot of great deals and other people realize this. The M-1 rail will provide a great boost to some areas and if you're willing to do a complete rehab, it might pay off. I still haven't seen a great deal but I'm looking.
Welcome to BP! We specialize in turnkey investments and property management in Detroit and surrounding areas, so if you have any questions just let us know.