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All Forum Posts by: Erick Michael Ford

Erick Michael Ford has started 8 posts and replied 32 times.

Real Estate Deal Analysis & Advice

Post: Owning two rentals at 18

Erick Michael FordPosted
  • Investor
  • Allenton, MI
  • Posts 32
  • Votes 9

Only 18, and Currently have two single family homes in my name.

Bank Financed

Rental 1 ( Peck, Michigan ) cost $41,000. Rent $700.00--1.73% close to the 2% rule Owned since 7/15/2015 to date 5/22/2016 minimal costs. had the first renter 7/15/15-5/15/16 new renter signed 5/15/16-5/15/2017.

Bank Financed

rental 2 (Croswell, MI) cost $38,500.00. Rent 650.00-1.688%

owned 3/15/16. renter signed for 3/15/16 3/15/17

Furnace needs to be replaced just old.

sump pump just installed 5/12/16

minor upkeep nothing major

hopefully around 5/30/17 Will be refinancing on peck house next year.

dumping both rents on to the mortgage for peck house

4 Votes
New Member Introductions

Post: New member from Brown City Michigan

Erick Michael FordPosted
  • Investor
  • Allenton, MI
  • Posts 32
  • Votes 9

Hi everyone names Erick Ford, I am 18. Living in the Capac area of Michigan. Currently holding two rentals. One In Peck Michigan and also Croswell Michigan. 

0 Votes