All Forum Posts by: Brandon Boase

What would be a good source for a list of self storage owners? I want to start a mail campaign to local mom and pop owners. Any suggestions would be helpful.

What would be a good source for a list of self storage owners? I want to start a mail campaign to local mom and pop owners. Any suggestions would be helpful.

 you must be in Clarensville school district, 7 mile and Inkster, which is junk.  

show me a property in livonia, outside that corner,  for 75k and I will buy it. 

I only do buy and hold.  and rehabs for other investors as well. 

It is actually Plymouth and inkster. When I originally moved into there it was a good starter neighborhood but it us gone downhill some. It is not terrible or anything just a bad investment for me. It seems like you have done exactly what I want to do. I was just discussing with my wife that I think 10 SFH may be good for us. Then I saw your profile and saw that was your original goal. I know how to do all the mechanicals in a house. I am a pipefitter (commercial by trade HVAC) . Know I am just trying to get the business side down. If I could ever help you with something let me know. I try not to do much side work but I like to help people out in a pinch. Especially if I can save them from rip off contractors.

 are u sure u are talking about the same livonia I invest in?  the area did Not become mostly rentals.  i have 12 here,  in addition to the other 20 I have in Redford, garden city and westland.  

Yes Livonia. Not all Livonia. I love that city. But the neighborhood I was in became filled. That part of Livonia really has not seemed to have bounced back. We bought for like 130 and Zillow (I know it is not a real estimate) pegs it at 75k. Like I said I am new to all this and no I am not an expert in evaluating property. I plan on getting an expert involved when he is about to move out to evaluate the property value. You have an impressive amount of properties in my one area. Are you mostly a buy and hold? 

Originally posted by @Joe Doman:

Shoot, you're probably doing a lot better with an adjusable rate vs fixed mortgage if you bought in 2008... just curious, what was the rare then and now? 

 I will see if I can dig that up. I am just afraid of it adjusting and having to raise rent every year. Past what it is actually worth renting at. 

Thanks guys. The house I am renting out is in Livonia. The neighborhood was hit hard when the market went down. Most houses became rentals. If my grind was not in it I could possibly rent it for a little more but the rent in that neighborhood goes for about 1.1k. We charge Him 900 a month just to keep him in it longer.  The wife and I were young and dumb and bought it in an adjustable rate mortgage. I know it is a ticking time bomb. I am just hoping that it will be even by the time my buddy is ready to move. Then I will sell it. I want cash flow out of My next property.

As far as where we are looking I am not sure  I am thinking canton, Novi, Livonia area. Maybe Westland or Ann Arbor If I want student housing niche.

I would like to get in on this. I am in canton.

I know this has passed but I would like info on the next meet up.

My name is Brandon and I am new to all this. My wife and I are in our mid to late thirties. We are wanting to create a new income stream. I am in a physically demanding career and if I was able to work, I would like to replace my income. I think in the long term we are thinking rental properties. I don't know if it will be single family homes, or something else. We are trying to absorb what we can now so we can act when the wife is more comfortable with all of this. At the moment we are renting our old house to a friend. It is not cash flowing at all at the moment, but we can't do much because we are upside down in it because we bought in 2008. We hope to one day have a portfolio of properties that could cash flow enough to allow for FI and be relatively passive. Thanks for all the knowledge.