All Forum Posts by: Joshua B.

I already have an LLCs in Michigan and I'm using a Registered Agent service for that one, as I'm an out-of-state investor.

I'm planning on creating several more LLCs soon (all in Michigan) and I'll need a registered agent for all of them. Using a registered agent service for each one of them will get quite costly. I'm thinking if the following will work:

Set my first LLC (the one that already has a registered agent) as the registered agent of all the other LLCs - that way, any mail coming in will go to the RA service (under the name of the first LLC and the address of the RA service), and they will process and upload it to the online storage.

Did anyone try this already? What are your thoughts?

Alternatively, if anyone knows of a RA service that does bulk LLCs that will be helpful.

Thanks!

Hello,

This is my first ever post, I am a newbie to BiggerPockets.

My family has recently taken back a property that was forfeited through a land contract forfeiture. The whole process was an ordeal in itself. Anyways, I am looking for advice and asking those who have more experience and knowledge than myself.

The property in question (located in SW Michigan) is quite distressed, missing walls, probable termite damage, damp/soft flooring, and probably many other issues. 

However, I am located in Florida, and do not know of any investors and contractors in the SW Michigan area. My question is this, should I look for a partner (and hope to learn ), or should I just sell the property as-is?

I am looking to house hack or potentially rent out a SFR. I currently live in Ann Arbor and am from the Plymouth Canton area. I would consider looking in Plymouth and Canton as well since I am familiar with the area. I am a college student and have about 50k to work with and depending on the deal have someone willing to go 50:50 with me bringing that to 100k to work with. As a first time buyer I am looking to get some guidance or insights from seasoned investors in the area. Is there anything you particularly look for and/or stay away from, how often do you buy/find on-market deals, etc. Any guidance or insights would be appreciated thanks.

Thanks for the feedback! Really helpful. My only concern with Brighton is whether or not it's a high demand area for rentals. I would assume with today's interest rates perhaps that may spike interest in more rentals.

Find an independent agent in Michigan. If American Modern or Foremost is in Michigan, they will do it. 

Hi! I am looking at buying a 6/2.1 in Ypsilanti Michigan to rent to college students. I am hoping to talk to someone who has gone down the college rental route to pick their brain on what to look for and what to expect. I am sorry if this is in the wrong forum, please let me know where to go if this is not the correct area! Thank you. 

Mike

I've thought about this a lot, and the answer I've come up with is no. STR's hurt locals, especially in small markets like ski towns. They force the cost of housing up, and detract from any sense of community in neighborhoods. These issues are magnified greatly in small population high pressure markets, in bigger cities there is so little sense of community that it doesn't matter so much, also there are generally low cost neighborhoods the displaced people can filter out to.

I'm personally a big freedom guy, but I believe this is one place where local government needs to step in and draw up regulations. My local market has a cap on the number of licenses they will grant, 225 total units, and only one STR per block face, the waiting list is about 2 to 3 years long. As frustrating as it is (I have a property that would make a great STR) I believe it is what is best for the city.

Hello! I am looking into purchasing an AirBnB rental in South Haven or surrounding areas. Anyone have experience and know what vacancies look like? Main concern is how they rent outside of summer.