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All Forum Posts by: Connor Anderson

Connor Anderson has started 42 posts and replied 143 times.

Post: What would you do? Oakland County Michigan Duplex House Hack

Connor Anderson
Posted
  • Real Estate Agent
  • Grand Rapids, MI
  • Posts 147
  • Votes 102

@David Heidkamp Hi David - if you can qualify for a 5% conventional loan that might make the numbers work better. Also with conventional loans you can get rid of PMI at 80% LTV, which will help your cash flow. FHA loans have PMI for the life of the loan. Let me know how else I can help or if you need a strong agent.

Post: New Investor In Area

Connor Anderson
Posted
  • Real Estate Agent
  • Grand Rapids, MI
  • Posts 147
  • Votes 102

Hi Robert - I am not aware of any meetups in Kalamazoo. There are a few in Grand Rapids if you wanted to make the dive up. I would also be happy to connect for a call to discuss though!

Post: 22 year old looking for advice!

Connor Anderson
Posted
  • Real Estate Agent
  • Grand Rapids, MI
  • Posts 147
  • Votes 102

@Mark Ledwell Hi Mark - I was in your exact seat about 6 months ago studying for my real estate license. Now I bought my second house hack in Midtown area of GR and work as an agent full time and have had 4 closings, including some with real estate investors.

I would be happy to connect and discuss in more detail what your goals are and how to get there!

Post: what to do with 30k in Michigan

Connor Anderson
Posted
  • Real Estate Agent
  • Grand Rapids, MI
  • Posts 147
  • Votes 102

Hi @Michael Lloyd it all depends on your end goal. If you are like most of us here on BiggerPockets, my guess is you are looking for passive income through real estate with the ultimate goal of being able to live off of that income and retire early! 

My suggestion would be to start with house hack! Eliminate those living expenses and learn how to be a property manager. In Michigan, $30k can easily buy you a 2-4 unit property where you can live in one unit and rent out the others.

In order to get your first house hack, you should connect with an experienced agent who has house hacked before and has connections to great lenders (I might know a guy ;) )

After your first house hack really the world of investing becomes your oyster!

Hope this is helpful and please reach out if you have more questions!

Post: Does anyone know about the market in Michigan?

Connor Anderson
Posted
  • Real Estate Agent
  • Grand Rapids, MI
  • Posts 147
  • Votes 102

Hi @Nate Jefferson Grand Rapids is a great market! Still pretty affordable, cash flows well, and with the strong growth of the city and strong employers in the area, this is a good chance for continued appreciation. Would be happy to discuss the market in more detail sometime.

Post: Newbie in Grand Rapids, MI

Connor Anderson
Posted
  • Real Estate Agent
  • Grand Rapids, MI
  • Posts 147
  • Votes 102

Welcome, Craig! Fellow investor in the Grand Rapids market, we should connect!

Post: Crushed my goal! All BP Podcasts in 15 months.

Connor Anderson
Posted
  • Real Estate Agent
  • Grand Rapids, MI
  • Posts 147
  • Votes 102

Congrats Kevin! I would say this past year has been much more than a base hit for you. Love seeing a fellow Michigander doing big things.

Post: 24 Years old with 30K and ready to House Hack

Connor Anderson
Posted
  • Real Estate Agent
  • Grand Rapids, MI
  • Posts 147
  • Votes 102

Hi Austin - You are a in a great location and financial position. My biggest piece of advice with house hacking is making sure you run the numbers on the property to make sure the property works as a stand-alone rental after you move out of the property. Let me know how else I can help, I have some great local lender recommendations!

Post: Michigan a good market to invest in for cash flow ?

Connor Anderson
Posted
  • Real Estate Agent
  • Grand Rapids, MI
  • Posts 147
  • Votes 102

@Montez Blackburn Hi Montez - There are a lot of great markets in Michigan for cash flow. Grand Rapids and Lansing both offer cash flow. For me I focus my investing efforts in Grand Rapids. Would be happy to answer your questions.

Post: Wholesaling Real Estate in Grand Rapids, Michigan

Connor Anderson
Posted
  • Real Estate Agent
  • Grand Rapids, MI
  • Posts 147
  • Votes 102

@Jackson Nguyen

Hi Jackson - Transnation Title is great. Would be happy to introduce. Also looking forward to seeing you posting deals soon