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Updated almost 8 years ago on . Most recent reply

User Stats

33
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12
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Reyes Velasco
  • Investor
  • gardena, CA
12
Votes |
33
Posts

new to BP. next moves

Reyes Velasco
  • Investor
  • gardena, CA
Posted
hello I am new to BP. And wanted to see what you would suggest for my next moves. currently I own 1 single resident in Eastpointe michigan which I bought all cash and I rent collect 950. I have a duplex in Detroit which I bought cash, for 23,000 and collect 900 in rent. I have a riverside house that I bought for 185,000 and rent it for 1,300. I put 20% down hi have a multiunit in Compton which i bought for 220,000 I collect rent for 2,100. I put 25% down. i have a Barstow house that I bought for 59,000 and collect 750 in rent. I put 20% down I have really haven't done the math to see what I really cash flow or follow any rules yet, that's why I joinBP. but now I want to take my business to the next level and get organized. I want cash flow as my goal. I still have 60k still to invest. so I want to see if you guys have suggestions for my next moves. I want to continue to buy out of state. Indiana, Ohio, Michigan, are some that come to mind

Most Popular Reply

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801
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334
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Wendy Patton
  • Specialist
  • Clarkston, MI
334
Votes |
801
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Wendy Patton
  • Specialist
  • Clarkston, MI
Replied

Hi Reyes,

Are you in California or in Michigan? There are a bunch of questions I could ask, but mainly what is your idea of organized? Are you speaking of goal setting, organizing and figuring out your current cashflow, or whether you may be looking to get into another area of investing such as buy and flips?

  • Wendy Patton
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Michigan Real Estate Investors
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