All Forum Posts by: David Hall

Bankruptcy shouldn't be an option.  I don't know if you have kids, but either way, buying a duplex or triplex and living in it is a great way to get out of debt and gain an investment at the same time.  If you rent currently you need this all the more.  If you own, you can always rent your current home, even if it's just temporary to allow you to build more equity, build your credit back and kill your debt.

I would look on craigslist and work with a realtor to find Land Contracts.  I bought my first 4 unit with $6,000 down for $30,000.   The seller was motivated and had already moved out of town.  It was a great learning experience.  Next my family bought a three unit that we bought as "owner occupied" and we moved into it.  When we found something better we moved into that and rented the unit we were in.  We actually rented it for more than the mortgage of our new house so we still had no mortgage and positive cash flow.

Deals are out there you just have to look hard and not be afraid to pull the trigger.  If you've been studying 5 years, you know enough to start.  

Try not! Do or Do Not, There is no Try - Yoda

If all the water doesn't smell, are you sure it's not just normal sewer smell coming from the drain?  If the P trap is angled/installed wrong it could not be creating the water seal to keep the sewer smells out.  Just a thought.

Hi Gabe,  I read your profile and I'm interested to learn more about the management company you use, I sent an inquiry to the website on your profile.

I'll definitely be posting some as the commercial side developes.  So far, I've received the zoning change application and I am gearing up to send it back to the city.  Currently my eye is on an old historical building I want to change into loft type apartments.

I focus on remodel refinance and hold in West Lansing Michigan.  I've dabbled in flipping and wholesaling.  I also carry a license with Coldwell Banker.  My 2016 plans are to jump to the commercial side and try my remodel refinance and hold structure on a 8+ apartment building or mobile home park.