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All Forum Posts by: Darius White

Darius White has started 6 posts and replied 40 times.

Post: Will there be 100k properties in 10 years?

Darius WhitePosted
  • New to Real Estate
  • Detroit, MI
  • Posts 41
  • Votes 21

@Ryan Avila I get you in principle as far as if the cash flow is the sake it doesn’t matter.. But do you mean having one tenant period or one house (as in 1 duplex or 4plex)?.. because if your cash flowing 1600 on 1 house with 1 tenant.. how much are you charging in rent? California may be different but I don’t see this in Midwest or southeast markets where I’m looking.. and most areas where prices are like that, I find more buyers than renters..

Post: Will there be 100k properties in 10 years?

Darius WhitePosted
  • New to Real Estate
  • Detroit, MI
  • Posts 41
  • Votes 21

@Heath Jones true.. definitely not wait.. goal is to continue working and buy at least 1 house per year for 3 years then reinvest all cash flow to start purchasing more than 1 property per year thereafter (after year 3 able to purchase multiple properties each year or duplexes)

Post: Will there be 100k properties in 10 years?

Darius WhitePosted
  • New to Real Estate
  • Detroit, MI
  • Posts 41
  • Votes 21
Originally posted by @Rassan Sampson:

I think it's an excellent idea to put together a 10 year plan but I think it's also important to be flexible. My approach is to make a plan with the facts I can gather today and have contingencies where possible and be ready to pivot as I gain more experience and knowledge. I don't want to spend too much time trying to guess what happens in the future and risk staying idle too long. It's hard to anticipate prices and markets so far in the future.

Yes i know your right. Don't want to sit stagnant. Ready to get my foot in the game.

Post: Will there be 100k properties in 10 years?

Darius WhitePosted
  • New to Real Estate
  • Detroit, MI
  • Posts 41
  • Votes 21

@Evan Bradley what area did you start in?

Post: Will there be 100k properties in 10 years?

Darius WhitePosted
  • New to Real Estate
  • Detroit, MI
  • Posts 41
  • Votes 21

@Evan Bradley thank you Evan.. appreciate the reference

Post: Will there be 100k properties in 10 years?

Darius WhitePosted
  • New to Real Estate
  • Detroit, MI
  • Posts 41
  • Votes 21

@Drew Sygit born and raise in Detroit so I know the metro area quite well.. starting out I want to avoid Detroit.. there are good areas here but not within the price range I’m looking at..starting I prefer the suburbs. Will send you a message

Post: Will there be 100k properties in 10 years?

Darius WhitePosted
  • New to Real Estate
  • Detroit, MI
  • Posts 41
  • Votes 21

@John Patterson thanks John. I never really thought about doing that

Post: First single family house rental in Kalamazoo, MI

Darius WhitePosted
  • New to Real Estate
  • Detroit, MI
  • Posts 41
  • Votes 21

Congrats! We are right behind you.. can’t wait.. enjoy the journey

Post: Will there be 100k properties in 10 years?

Darius WhitePosted
  • New to Real Estate
  • Detroit, MI
  • Posts 41
  • Votes 21

@Adam Engle-Sorrell I got you 👌🏾. Thanks that’s true will look into more

Post: Will there be 100k properties in 10 years?

Darius WhitePosted
  • New to Real Estate
  • Detroit, MI
  • Posts 41
  • Votes 21

@Adam Engle-Sorrell thanks.. but with 20k I should qualify for more traditional loans if price is 100k.. your suggesting hard money if I don’t have a lot saved up correct?