All Forum Posts by: Kenneth Jenkins

Hello everyone, 

I'm Cat, a CRNA based out of Howell, MI. My wife and I are excited to take the leap into the real estate world. I became interested in real estate in my early 20's after I rented out a few bedrooms to some close friends in Minnesota.  When I realized how much houses can appreciate and the benefit of others paying your mortgage, I was hooked into real estate and wanted to keep exploring other avenues of cash flow.  My goals with BiggerPockets are to get a better understanding of wholesale, subject 2, and rental properties. I hope to buy and rent out my first rental property before 2024. Although I am aware that I am new to the game, I feel much better knowing there are many knowledgable investors that can help my wife and I through the novice phase of real estate investing. Thank you and can't wait to meet and make connections with other likeminded individuals.

My husband and I are looking to get into REI but feel a bit overwhelmed. We are hoping to invest around $50,000 - $75,000 (e.g., downpayment, closing costs, initial maintenance), would like to be somewhat local (we live in Ann Arbor), and don't want anything that would be a massive project (don't mind minor cosmetic improvements). We have been looking at SFH properties in the $250,000 - $350,000 range in Detroit (Bagley, Jefferson Chalmers, Piety Hill, etc) and some of the surrounding suburbs (Ferndale, Madison Heights, Royal Oak, Farmington Hills, etc). Still, we feel torn/confused about the city vs. the suburbs. We are focused on long-term appreciation, although we would want the monthly rent to cover our expenses (e.g., mortgage, insurance, taxes, PM) plus a small amount to put aside for maintenance. We'd also like to be able to charge at or slightly below market rates to help improve our chances of securing long-term tenants (we've had success with that approach in the past). We'd love to hear any advice folks have to offer! We don't know what we don't know, so any guidance is appreciated!!

Hi there, 

I've purchased two section 8 properties from a management company in Detroit MI. Both properties are now vacant and the manager has vanished. I live abroad. Any suggestions on how to resolve this problematic situation?  Thank you.