All Forum Posts by: Julia Williams
Julia Williams has started 3 posts and replied 3 times.
Post: Property Manager for first time renter??
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Hi! I'm 21 years old and I bought a house a year ago that I'm currently living in. Im looking to rent it out and move back in with my mom for a bit. I bought my house for $117,000 and it not in the best area (Eastpointe, MI). Its a 3 bedroom and 1 bath, its got some issues like an old AC unit, little bit of water in the basement after rains, old fridge, dishwater, bathtub, tiles and a yard that needs lots of work. My mortgage is about $900 a month and houses in this area rent for about $1000 - $1300. Im a bit nervous of being a renter for the first time because I'm not exactly sure how to do it like; the legal things I need to do, if the house is in a good enough shape, if have enough money to start, and if I should get a property manager or not. I feel like a need to a property management company because Im not sure how to do this haha.
I could use some input on if I should get a property manager or not, what legal things I have to do to become a landlord in Michigan, and any other advise would be greatly appreciated!!
Im 19 years old and I only have a couple thousand right now. My goal is to get a property next year to house hack in the Ann Arbor, MI area. Whats the best method to get money for my first property? Or how much money should I save before getting the property?
I'm only 19 years old and been very interested in investing into properties for a while now. Im still trying to learn everything I can about it before I purchase my first property. I've been watching hundreds of YouTube videos to try and teach myself but I feel likes there's none out there that gets into the deep deep details of buying them. I'm desperately looking for a mentor to teach me hands on, but my luck hasn't been the best. I have the option to do a year or two of college, but I feel like that won't teach me enough and will take too long. Now, I'm looking for a good and detailed online course that teaches me everything I need to know. The BRRRR interests me a lot. What have you done to learn everything you can?