All Forum Posts by: Joe Hammel

Hi Sevag,

My opinion, the best best for rentals in terms of ROI and maint is the northern bordering suburbs of Detroit. Economy is strong, prices decent, returns good. Warren, Hazel Park, Southfield (taxes a little high) and Redford and some of the more favorable buy and hold Markets. Always happy to chat.

Hi Nadar,

I feel that Brandon is basically saying that the offers will be low enough, that the odds are quite low they will all get accepted. If for some reason, more than one does; you would only "Bottom Line" sign (acknowledge seller accepted) on the one you want. This would only put you under contract on that one. Sure, sellers may be a bit emotionally annoyed if they feel they accepted a low offer and then we backed out. However, it's no loss to the seller as they never removed the house from the market so they aren't losing anything. 

Hi Dave,

I live in Southfield, and for that reason I would recommend Ferndale or Livonia lol JK Southfield would work too. Both very hot Markets if you can find the right deal.

It also somewhat depends on what your price point is. Hazel Park will be your lowest and plenty of inventory. 

My strategy for finding flips is to: 

1. Know the average Price/sqft. 

2. Set up a search for properties decently below that number. 

3. Take your pick.

You could set up a search for each area and get a good feel very quickly. 

Always happy to chat.

Hi Nader!

If you just listen to the Bigger Pockets Podcasts while driving to and from work for a few weeks/months. It's incredible what you will absorb. Then come back to the forums to search specific questions you have after listening to the podcasts!

You will get such a good feel for things very quickly that way! Good Luck!

Hi Jordan,

Its a little tough, typically something in the 2% rule (that's in decent shape) the Location reflects it. Are you very familiar and confident it's a C neighborhood? Just the first thought that pops in to my mind. I check everything with realtor.com, "crime map". Good Luck!

Yes, It's Great. I'd Recommend Keller Williams to anyone. Let me know if you want to chat about it at all!

I'm quite happy at Keller Williams. Seem to provide a lot of value, ranked multiple times for "Best training" and "Happiest Place to Work" is why I picked it.

@Daniel Hennek Correct again, my verbiage was much too loose, and I should not have assumed anyone's ability to interpret my meaning correctly :)  

Definitely not, recommending to anyone buying a first home to look for "private or hard money, lending".

I assumed, (incorrectly) that since he was giving out the option between a "Broker" and a "Brick and Mortar Bank" my mention of Lender would be understood as recommending the broker over the bank. This could be in the form of Quicken or any other "Broker". I sincerely apologize for the misinterpretation and any frustrations I may have caused you or anyone else.

My biggest recommendation to the Gentleman asking the initial question, would be to take a referall from someone he knows and trusts (which in a way, is what he is asking for here) of someone who is Pleasant, Patient, Competent, and a Good person to those around him/her. At the end of the day, how someone conducts themselves in their everyday life, is how they will treat their/your business. 

Correct, “Broker” over “brick and mortar”. Not that I “had it all wrong”, it’s that we weren’t on the same page ;) @Daniel Hennek

1. Ignore and disregard everyone on here who says you can't. You don't need that negativity.

2. Read and review all the positive posts

3. You've got the right mindset. Read: "Rich Dad Poor Dad" then "Set for Life" 

4. Go to Real Estate Meetups and tell everyone your plan

5. Ignore the people at the meetups who are negative

6. Be open and try and work with/for these guys

Keep making money and studying. It will come.