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All Forum Posts by: Geof Greeneisen

Geof Greeneisen has started 0 posts and replied 196 times.

Post: Buying my sister's house from her estate: SFR in MI

Geof GreeneisenPosted
  • Investor
  • Howell, MI
  • Posts 202
  • Votes 52

Hi @Ginny Watson

What City/Township is the house located?

Post: New member from Michigan.

Geof GreeneisenPosted
  • Investor
  • Howell, MI
  • Posts 202
  • Votes 52

Hi @Corey Hajduk, welcome to BP! I'm in Howell as well feel free to give me a call when you're back. I'd be happy to share what I'm working on and how I see the market here.

Best of luck to you!

Post: SE Michigan- New Member

Geof GreeneisenPosted
  • Investor
  • Howell, MI
  • Posts 202
  • Votes 52

Welcome to BP @Account Closed !

What suburb are you targeting lots? I'm sure there are several on here that could help in your efforts.

Best of luck!

Post: New member from the Metro Detroit area.

Geof GreeneisenPosted
  • Investor
  • Howell, MI
  • Posts 202
  • Votes 52

Hi @Andre Ross Welcome to BP!

Post: Detroit Area - New to Real Estate Investing

Geof GreeneisenPosted
  • Investor
  • Howell, MI
  • Posts 202
  • Votes 52

@Kyle Sweeney Everything has been cash for the past 4 years, I self manage and they have all been foreclosures with the exception of maybe one or two. The area you are considering has been going up for the past 1 1/2 years, but it is not too late to jump in. It has gotten far more competitive as of late.

Post: Detroit Area - New to Real Estate Investing

Geof GreeneisenPosted
  • Investor
  • Howell, MI
  • Posts 202
  • Votes 52

Hi @Kyle Sweeney Welcome to BP!

I'm fairly active in the market you're describing, please feel free to connect with me if you feel I can be of any help to you. I don't know of any portfolio lenders to direct you towards.

Best of luck to you!

Post: who's in my area?

Geof GreeneisenPosted
  • Investor
  • Howell, MI
  • Posts 202
  • Votes 52

Hi @Jeffrey Warfield Welcome to BP!

I'm in your neighborhood, feel free to contact me anytime. Just about any question you have about RE can be found on this site.

Best of luck to you!

Post: How do I fund my Detroit Rehab? Worth doing?

Geof GreeneisenPosted
  • Investor
  • Howell, MI
  • Posts 202
  • Votes 52

Hi @David Maxam welcome to BP!

I love those buildings! I managed a building in Mexicantown for a bank client of ours a couple of years ago on a foreclosure they had. I believe it was an 8 unit at the SE corner of W Grand Blvd and Howard, on the other side of Mexicantown from you. At that time I was shocked at the rents they were getting; $750 (2 bdrm) - $1,000 (3 bdrm) and they were anything but freshly rehabbed. There were all sorts of issues on that property, I don't think the units had been repainted for 40 years, but the tenants paid like clockwork.

I'm sure they let that thing go for a song. Sure like to have it now. It was located right on the boulevard and looked great from the outside.

Post: Newbie from Plymouth, MI Metro Detroit area

Geof GreeneisenPosted
  • Investor
  • Howell, MI
  • Posts 202
  • Votes 52

Welcome @Erika Koenigsknecht glad you found the site. Feel free to reach out to the group with questions as there is quite an active contingency from Michigan here on BP.

Best of luck to you!

Post: Re-Introduction Real Estate Investor in Metro Detroit

Geof GreeneisenPosted
  • Investor
  • Howell, MI
  • Posts 202
  • Votes 52

Welcome @Marques Barton

I'm active just to the north of you in Royal Oak, Ferndale & Hazel Park. I've slowed in acquisitions a little in the past year due to increasing prices. There is a great contingency of BP Members in your area. Please feel free to reach out to the community if you have questions or need help.

Great to have you here, best of luck!