All Forum Posts by: Drew Brown

@Fred Sams your post kind of blew my mind. Definitely understood that there are niches in every aspect of real estate, but didn’t realize/know the numerous type of Adult ‘caring’ facilities out there. Would guess that every state is a bit different, but that each state has similar types of facilities. 

Is there any good resources that you have, know about or could direct me to where I could learn more about the pro and cons of the different caring facilities. Also would like to know more about the actual operational cost and hazards of each type of facility as well. 

Any and all information would be greatly appreciated and coveted. Thank you for the knowledge you already provided! 

Drew 

@Bill Bradfield hi bill as more and more of these facilities come up for sale they had started to peak my interest. I am trying to learn how to analyze these operations being a new and unknown segment of the real estate market to me. I hail from the great state of Michigan and would appreciate any information that you are willing to provide on this very intriguing area of real estate investing. Thank you, Drew.

@Victor Williams Jr. there is always away to generate more income out of property. Is this a good area you could do short term rental to executive style renters, short term rental AIRBnB, or could the rent be increased? The market is ripe for different options to increase cash flow depending on your willingness and surroundings. Once cash flow has been increased it may allow you to install boots on the ground to keep closer tabs on the property elevating some more f your concerns. Let us know what you come up with and how it all works out.

Thank you,

Drew

@Brandon Ogbonnaya welcome and continue to learn and reach out to others. Doing just that will make investing much easier and much more successful! Good luck!

@Patrick Britton I used wrightbrosinc they had offered a reimbursement of the cost of the course work which was online if you completed a real estate transaction within 1yrs time from the completion of the courses. So my class time and all pre license stuff ended up costing me $1 at the end of the day. I learn well online plus it Fits the active lifestyle!

Hi @CJ Wine, personally I invest in and around the greater Lansing area, greater Grand Rapids area and that area in between. These two areas have a very stable strong and good outlook for the future. The Detroit area can be a great area but needs great boots on the ground because of the extremely inconsistent neighborhood make up. Traverse city can be a pretty decent investment area but is a bit more dependent on the seasonsal tourist attractions. 

Lastly if you have any questions about the Lansing or Grand Rapida ,MI markets don’t hesitate to contact me. I would be happy to share the insight and personal knowledge I have obtained on these areas. 

Thanks and have a fantastic New Years.

Drew 

@Harrison Niego my two thoughts are this.

1. Be willing to take calculated risks as often as they make sense. Don’t let your self get bogged down in comfort and conformity. When an opportunity presents itself it may not be ideal or perfect but if the numbers make sense pull the trigger and make it happen.

2. Willing to learn and go the extra step. As an intervert I am a bit less likely to go out and socialize and network but in real estate this is a great way to learn really fast. Willing to network and to go the next step and provide extra service and support for those boss/employers/mentors will speed the learning process up. This second part is key as people don’t have time to hold anyone’s hand for free. Even a nanny gets paid for holding a little kids hand what would make an investor less worthy of getting paid than a nanny or someone of this type of occupation. The take a way is that if you want to learn be willing to give atleast2Xs the effort and specialty to an investor to get a 1x return. In the end that 1x return could increase you learning potentially 100 fold or more. 

In the end if you are willing to put the blood sweat and tears in you will do awesome. 

@Jason Mazza way to go. Keep your head down and keep trudging and sooner than you know it you will be financially free!

@Patrick Britton are you looking for a big box real estate name or more of a niche name, and then there is where do you expect to settle down because you will probably want something close by?

@Jeff Mauerman would suggest going to investor meetups and talking with people in your area. Every city and section of MI is so different that you have to have boots on the ground to truly succeed. So if it’s not you maybe it’s a quality real estate agent or property manager or even other investors. 

Like me I currently invest in Ionia and Clinton counties hoping to add a few more to my belt soon. Since getting into investing the best thing you can do is ask for a hand up. People don’t have time for handouts in this crazy world but if you can bring something to the offering table all sorts of knowledgeable people are willing to give hand ups. 

Sorry for the long winded answer but the long and short is you have to be either willing to put yourself out there if you want to do the work, or put your faith in someone like me a property manager and real estate agent to make the investment work for you. Wish you the best of luck and never be afraid or shy to ask a question because we have all been there. Have a happy and safe holiday season!

Drew