Real Estate Agent · Adrian, MI · Member since 2017 · 6 posts · 0 votes
I live in the biggest small town in our county and I have the opportunity to flip a lot of homes but don't know if their are any investors that would be interested. Could use some guidance in this area.
@Ed L. You have quite a wide area there and things can vary considerably between those different cities. You should be able to find properties around Mancelona. You will have been more insulated from the run up in prices that TC has seen.
Hello Guys,
I'm pretty mush new to real estate investment. However I like to invest in fix and flip or rental deals in MI area, please help or guide me on my first deal if possible.
Thanks,
Amir
I'm in northern Michigan in between traverse city and Gaylord. I'm looking to invest in rentals in the area, possibly brrrr, from traverse to Gaylord, Cadillac to petoskey areas..
Any info on the local real estate climate would be great.. I am completely new and am currently starting by building my credit from scratch in order to finance..
@Ed L. You have quite a wide area there and things can vary considerably between those different cities. You should be able to find properties around Mancelona. You will have been more insulated from the run up in prices that TC has seen.
@Ed L. You have quite a wide area there and things can vary considerably between those different cities. You should be able to find properties around Mancelona. You will have been more insulated from the run up in prices that TC has seen.
Right.. Rent is high around TC but property prices are very high so I'm thinking it will be hard to get anything to cashflow around there..
Prices are low in mancelona but the job economy is terrible so I'm thinking it will be hard to find tenants that a good steady income to afford rent and be reliable.. Kalkaska has more jobs..
I like next to and am very familiar with the shanty creek area so maybe I'll look into vacation rentals more..
Anything on nice lakes or Lake Michigan prices seem to go up faster than rent so may be harder to cash flow but property value for such places might have a better future outlook..
I'm not sure what I'm up to yet, really prices everywhere seem borderline too high to cashflow for what rent they will command so I'm thinking it's really going to come down to finding good deals..
I would think Cadillac of travers city would be good locations just make sure the numbers work. Make sure u are close enough to the property to keep and eye on it. Good luck