All Forum Posts by: George P.
George P. has started 116 posts and replied 3982 times.
Post: Metro Detroit - Choosing Area for 1st Property to BRRRR
- Property Manager
- Livonia, MI
- Posts 4,081
- Votes 1,598
Originally posted by @Mohamad Hamde:
@Jason Collins Hey! I'm actually looking in the same areas, focusing on SFR. I've been searching in Dearborn, Dearborn Heights, Redford, Westland & couple other cities within a few miles of those. The houses I found are within the 90/120k, tough to make a profit when you're leveraging a high mortgage. Some come in at 75k but coc is low and no equity upfront. Currently saving what I can so I'm ready for the right moment.
All true words
Post: Metro Detroit - Choosing Area for 1st Property to BRRRR
- Property Manager
- Livonia, MI
- Posts 4,081
- Votes 1,598
Originally posted by @Jason James:
@Jason Collins I echo your struggle. I have 1 property in Harper Woods but I've been actively looking in South East Michigan (Roseville, St. Clair Shores , Eastpoint , etc.), and the market is crazy hot. Some of the properties that I've offered on would cashflow, but there our multiple offers coming in over asking. I do have some information for wholesalers, etc. which I will DM to you. A ton of the properties that they have been sending over are not in my area of focus but they may work for you.
@George P. even with all the craziness, what areas would make the most sense near Redford? Also I would love to connect as I see you have a PM and construction company, which is also what I'm actively looking for in 2021.
All those mentioned are amazing
also Taylor, allen park, farmington hills.. some of dearborn too
Post: Metro Detroit - Choosing Area for 1st Property to BRRRR
- Property Manager
- Livonia, MI
- Posts 4,081
- Votes 1,598
I have rentals in all those... except canton
its all high man.. it's crazy. It doesn't cashflow anymore. Unless u find an off market deal and even then they stil need 50-60k in rehab to pass all codes
Post: Metro Detroit - Choosing Area for 1st Property to BRRRR
- Property Manager
- Livonia, MI
- Posts 4,081
- Votes 1,598
i have 10 in Redford.. I think.. I can't remember. Prices aren't cheap anymore. They used to be 30k and now same house is 100-120
make sure u know the difference between "old Redford" and south redford
Post: Section 8 Investment in Detroit Michigan
- Property Manager
- Livonia, MI
- Posts 4,081
- Votes 1,598
Isaura sounds very argumentative.. I'd hate for someone like that to be managing my rentals.
Post: Looking for advice on my first flip
- Property Manager
- Livonia, MI
- Posts 4,081
- Votes 1,598
Good contractors. A bad one will sink you.
and good ones are not available to start ASAP
Post: New to REI in Michigan
- Property Manager
- Livonia, MI
- Posts 4,081
- Votes 1,598
I own 55 rentals in the area. Also own a construction company and I'm a broker. Call me if u need advice.
onpoint Construction
Post: Property Management- Michigan (Farmington Hills, Novi & Westland
- Property Manager
- Livonia, MI
- Posts 4,081
- Votes 1,598
I own 50+ and manage about 10 for other investors. Call me if interested.
Post: Property Management- Michigan (Farmington Hills, Novi & Westland
- Property Manager
- Livonia, MI
- Posts 4,081
- Votes 1,598
Where are they? List the cities
Post: Where & How to find contractors in Oakland County, Michigan
- Property Manager
- Livonia, MI
- Posts 4,081
- Votes 1,598
i'm a builder, a broker, and an investor (50+ rentals) in livonia, redford, garden city, westland, wayne. pm me and we can talk about it. our area is flooded with low lives that just take the money and run.