All Forum Posts by: Keri Middaugh

Hello, Dennis, and welcome!  I'm an investor from Ypsilanti, MI (southeast part of the state).  I've got 2 single family rentals, finishing up my first flip, and looking to expand.

What kind of real estate are you interested in?  Let me know if you ever need anything in this area.

Best wishes,

Keri

Hello and Welcome!  I'm an investor from Ypsilanti, MI (southeast Michigan).  I've got 2 single family rentals and just finishing 1 flip.  Please feel free to connect if you'd like to discuss investing in my next of the woods.  I'd be open to considering a partnership of some sort.

Best wishes,

Keri

 Yes, of course!  I can suggest full discussion at the front end, and monthly updates throughout, with a yearly round-up.

Hello and welcome!  I also used to teach high school math, so I know where you are coming from.  You have time on your side, given your young age.  Have you considered vacation properties?  People love to rent something for a week or two up north during the summer.

Best wishes for profitable real estate and a productive school year!

Keri

(holder and rehabber in Ypsilanti, MI)

Hello and welcome!  BP has so many resources, including webinars, podcasts, and networking opportunities. 

Best wishes,

Keri (holder and flipper in Ypsilanti)

Hello and welcome!  Bigger Pockets has so many resources with its webinars, podcasts, and networking opportunities.  I encourage you to connect with other investors through your local real estate investment club as well.

Best wishes,

Keri

(rehabber and holder in Ypsilanti)

Hello Zachary,

I am a real estate investor in Michigan where the purchase prices are still recovering from the recession, but the rents are relatively high.  I am interested in building my portfolio, and am looking for a passive cash partner (we purchase the property together using your funding, I'll handle the management, and we split the yearly profit 50/50, also split profit after the sale of property down the line). I'll looking at a few small multi-family (duplex and tri-plex) in Wayne, MI with projected profit of $200 per door monthly.  Please reach out to me if you are interested in discussing this further.

Best wishes,

Keri (rehabber and holder in Ypsilanti, MI)

Thanks for all the input!

I'm hearing that each rental property needs its own bank account.  But what if one property needs a roof, but the reserves are not great, and I'd like to pay for it with funds produced by another property? As I have it now, the rentals are all in one bank account and the cash flow is shared (separate on a spreadsheet, but in one bank account).

Again, I'd love to keep this simple and intuitive.

Hello and welcome,

I would encourage you to attend a local real estate investment club and get connected there.  Networking face to face is very valuable.

Best wishes,

Keri (flipper and holder in Ypsilanti)

Hello, everyone, my question is about how to structure my rentals and flips in 1, 2, or more LLCs.  I've perused the forums and haven't quite found what I'm looking for.  Ideally, I'd have a simple system that does not involve entities within entities or multiple bank accounts.

Also, what are your thoughts about PO box vs. UPS store box?

I've gotten some counsel on these items from 1 person, but I wanted to see what others have experienced.

Thank you,

Keri 

(flipper and holder in SE Michigan)