Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Ericka Williams

Ericka Williams has started 4 posts and replied 50 times.

Post: LTR in Detroit

Ericka WilliamsPosted
  • Investor
  • Austin, TX
  • Posts 55
  • Votes 16
Quote from @Ryan Cousins:

Hi There! I am a California based investor and have heard good things about Detroit.

I am looking into Single Family Homes and Duplexes and am curious for those who have experience, where you would recommend looking in Michigan?

I am looking for LTR (preferably turnkey, but can be a fixer upper as well). Price Point is around 100K - 200K.

Thanks for the help!


 I currently have four rentals in detroit, two of my best are for sale.  I think grand rapids is a way easier market to deal with. If you can get a great team from property manager, handy man, and lawyer then you can do great in detroit as well.  I had my properties since 2019, but my focus switched to new construction because I live in texas, much more lucrative for me. 

Post: Why I’ve switched to land investing

Ericka WilliamsPosted
  • Investor
  • Austin, TX
  • Posts 55
  • Votes 16
Quote from @G. Brian Davis:

Residential rentals can be a pain, between tenants, repairs, and regulations. We’re earning way higher returns on land right now instead.

Land course

I once had a professional tenant that took 11 months to remove. When I finally got them out, they had punched through every cabinet door and broke everything they possibly could in the house out of pure spite. All in all I lost $25,000 on them.

I’m sick of the BS. I’m sick of the 3am phone calls about clogged toilets or burnt-out light bulbs. I’m sick of the constant maintenance and repair costs — last year it was a plumbing problem, this year it’s the furnace, next year it’ll be the roof.

Which says nothing of growing anti-landlord regulation in the US.

My partner Deni and I are switching gears to land investing. No tenants, no repairs, no regulation.

And far less competition. With housing prices soaring, we’re looking at lots that cost a few thousand dollars, rather than rental properties that cost a few hundred thousand dollars.

Here’s an awesome case study on how one employee reached financial independence with land and quit his day job within 18 months. He followed a very specific strategy involving delinquent tax sales — if you want to follow the same blueprint check out this land investing course.

Scott earns 100-300% returns on his land investments. No exaggeration. Far cry from the 7-10% that you’re lucky to earn with rental properties!

Have you ever invested in land? What did you learn along the way, and how did it go?


 baltimore is a tough market. I know charm city buyers are renovating entire blocks out there.  I am in texas and land investing is very great transition. You have many areas in texas, north carolina and arizona that a person can owner finance from you to put a trailer, rv or tiny home structure on. I have a few an hour outside of dallas texas. its a been a much better system.  I build new construction as well. so its a balancing act. 

Post: Real estate agent amd managent company in fayetteville

Ericka WilliamsPosted
  • Investor
  • Austin, TX
  • Posts 55
  • Votes 16
Quote from @Jared Trindade:
Quote from @Paul Mossa:

Hey Everyone,

i am looking to buy a property in fayetteville to re t out to college student. Does anyone have any good recomendations for a realitor in the area and a good propery management company? Thanks!

 Hey Paul, I work exclusively with investors in NC, and I live/work in Fayetteville NC. I would love to chat with you about your goals, and see if there's any way I can be of service in helping achieve them. Gonna shoot you a connection request, and also I am going to link a post to the Fayetteville Real Estate Market Data post I did, please check it out if you feel so inclined. Hope that provides some value for you.

https://www.biggerpockets.com/...

Cheers!


 definitely need to connect with you buying some land lots in the fayetteville area to build new construction. Currently living in austin texas and building in texas and arizona. but grew up in fayetteville 

Quote from @Adam Macias:

Sup ya'll! It's Adam with BiggerPockets. I've been wholesaling for a few years now in Colorado but am opening up my business to North Carolina! Please let me know if you're an agent, investor buyer of any kind, contractor, anything that'll be a resource with us doing deals together. Here's a video introduction:

https://share.descript.com/vie...

awesome. Grew up military kid in fayetteville NC but live in austin texas. I am building new construction in a city in texas and arizona but would love to find a deal or two  land lots in fayetteville area or asheville area. 

Post: Arizona RE Connections

Ericka WilliamsPosted
  • Investor
  • Austin, TX
  • Posts 55
  • Votes 16
Quote from @Dylan Owens:

Hi, 

My name is Dylan and I'm actively looking to purchase my first property (3-4 unit) as an owner occupied house-hack utilizing an FHA loan product in the Phoenix metro area.

I’m already working with a real estate agent but I’d love to connect with lenders/brokers, contractors, and handymen in the area who also invest themselves! 

If that’s you, please reach out, thanks! 


 Do you want to build new construction? There is opportunity there in the phoeniz area for that. 

Post: Annual vs Seasonal Condo Rental

Ericka WilliamsPosted
  • Investor
  • Austin, TX
  • Posts 55
  • Votes 16

@Mary Hart thoughts on vacation rentals around carolina beach and kitty hawk? I live in austin texas at the moment but keep visiting family and we either do the beach in those areas or mountain rentals. 

Post: Cleveland or Memphis - Martel Turnkey is the BEST

Ericka WilliamsPosted
  • Investor
  • Austin, TX
  • Posts 55
  • Votes 16

congrats @aj 

@Aj Parikh  

Post: Which Markets are Oversupplied?

Ericka WilliamsPosted
  • Investor
  • Austin, TX
  • Posts 55
  • Votes 16

i live in austin @Nick Gerli we need MORE inventory. We have about 157 people moving a day, with more and more companies relocating I have a feeling that number will increase. plus our suburbs rock round, pflugerville are some of the fastest growing cities in USA. 

Post: Detroit Property Investments

Ericka WilliamsPosted
  • Investor
  • Austin, TX
  • Posts 55
  • Votes 16

I am trying to purchase 3 from landbank next to one of my current rental to help increase the value on that street. they are a strict on the permits, you gotta pull permits. 

Post: Detroit Property Manager

Ericka WilliamsPosted
  • Investor
  • Austin, TX
  • Posts 55
  • Votes 16

i currently use ocuplant realty team and denson construction for the 7 properties I have in detroit. did you get a property @Jesse Streng