All Forum Posts by: Chad Rider

Richard,

Thanks for your posts and 1st hand experience with investing in Detroit. I've read through this thread and appreciate you sharing your wisdom. 

 I'm not far from you. Lets talk.

Welcome! Good to see another Michigander. Lots here to learn.

Welcome James! I am new Investor as well down the road from you in Canton. This is a great site. Check out the guides and the podcasts. Although I am inexperienced, let me know if I can help you in any way.

Welcome! I echo what Clarence said. I've been here for about a week and I've read through some of the guides and listen to some podcasts. Really good stuff.

Thanks all for your welcomes. Looking forward to learning as much as I can and possibly getting to know some of you local investors.

Hi all. I came across this site on a random Internet search and it looks like is a very active site with members that like to help. I'm glad I found it.

I live in Canton MI and have been a landlord now for 13 years. I can't say I've been an investor for 13 years, as all of my rentals have been former primary residences of mine. The problem with that is approach is that all of my rentals were originally purchased as my family's primary residence so I did not think much about things like purchasing wholesale and monthly cash-flows when I bought them. While they were all great to live in at the time, none of them have been high-performing investment properties. While the rent from all of them covered the mortgage, none of them provided me with any real cash flow. I've done 4 houses like that. I still own one of them.

I'd really like to learn the ropes of finding and analyzing real estate investment properties for their cash flow and other profitable measures. I'm comfortable holding and renting (and all the fun that goes along with being a landlord), but I have a lot to learn in terms of finding and analyzing deals for cash flow and profitability. I'm interested in my local area (Canton, Westland, Livonia, GC, etc.)

I'm looking forward to learning from all you successful investors!