All Forum Posts by: George P.
George P. has started 116 posts and replied 3982 times.
Post: Metro Detroit Brokers
- Property Manager
- Livonia, MI
- Posts 4,081
- Votes 1,598
Corey, I have 50 in the same area. Hard to find them cheap and good location.
Post: Newbie from the Detroit (Westland) Michigan area
- Property Manager
- Livonia, MI
- Posts 4,081
- Votes 1,598
welcome. i have ~17 in westland, above Avondale. many more in the surrounding areas north of westland.
Post: Detroit, Mi REI Rehab Cost- How Much Per Square Foot?
- Property Manager
- Livonia, MI
- Posts 4,081
- Votes 1,598
$25-$30 per sq ft outside detroit, inkster, some parts in warren. that price is for the suburbs.
Post: Window in Shower. What would you do?
- Property Manager
- Livonia, MI
- Posts 4,081
- Votes 1,598
we do countless of these..
Post: Window in Shower. What would you do?
- Property Manager
- Livonia, MI
- Posts 4,081
- Votes 1,598
Post: Need investor friendly real estate agent
- Property Manager
- Livonia, MI
- Posts 4,081
- Votes 1,598
I own 45 rentals in westland, livonia, redford, garden city. i am also a broker. contact me if you want to work with me.
Post: Is it safe to invest in Detroit???
- Property Manager
- Livonia, MI
- Posts 4,081
- Votes 1,598
detroit metro is the worst. please do not invest here.
Post: Managing from overseas...
- Property Manager
- Livonia, MI
- Posts 4,081
- Votes 1,598
Originally posted by @Michael Ross:
@Nick Yates, that is exactly what I am looking at. I am looking to spend, after repair costs, no more than $70K, in Westland or Redford area. After all is said and fixed costs considered I am aiming at $100 - $300 cash flow. What do you think?
Unless u buy south of Avondale, not possible.
Same with Redford... Eeds to be east of beech daily
Post: Need help to compare two deals
- Property Manager
- Livonia, MI
- Posts 4,081
- Votes 1,598
Originally posted by @Christopher M.:
I am a big believer in multis over SFRs. And I really believe in downtown Ypsi. I see a ton of 'Ann Arbor people' being priced out of Ann Arbor and moving to Ypsi. Also newer is better.
The down side is that the taxes are sky high.
the returns on SFR's are 2 to 5x higher than a multi..... hands down. that's one of the reasons i never purchased any.... every time i looked and analyzed it, i thought "why make $110 per month per unit if i can make $500 on a house".
Post: Advice for getting into real estate investing - SE Michigan
- Property Manager
- Livonia, MI
- Posts 4,081
- Votes 1,598
I own 50 in the area and am a builder too.