As a wholesaler in Michigan i am always interested on where our BP investors are buying properties.
If you are an investor/ Rehabber what Cities are you looking into buying your next deal?
What type of property? (SFR, Duplex...)
Number of beds/Baths
How are you paying (Cash, HML, etc..)
what is your exit strategy? (Fix and flip, buy and hold, etc..)
Hi Fady, I am a newish investor in the Ypsilanti area. I've got 2 single family rentals and am working toward my second flip. When funds allow, I will look to buy a duplex or triplex within a 30 minute drive and build my portfolio like that (a few flips then a hold, etc). I mostly use cash and private money loans at the moment.
What areas are you working in? What kinds of deals are you finding?
I'm a new investor, from the Ypsilanti area as well. I'm still looking for my first property, my plan right now is to use the equity in my personal residence as a down payment and purchase using a traditional mortgage, (I'm just waiting on the pre approval letter). I'm looking for a SFR as a buy and hold investment, either a 3/1 (because that's what the majority of the houses are around me), but preferably a 3/2. I really like the idea of Brandon's BRRRR method and am planning on making offers on MLS properties once I get my letter. As of right now I am looking in a few specific neighborhoods here in the Northeast corner of Ypsi Township. I would be interested in learning more about the types of deals you are finding, I would not be apposed to purchasing a house in need of repairs in order to get in under market value and have instant equity in the house.
Thanks for reaching out and good luck to you.
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