All Forum Posts by: Michael J.

You don't need a degree to invest in real estate.  You could start out wholesaling properties to get money coming in. Or you could bird dog for investors to learn as you go and then move up to wholesaling on your own.  You will meet a lot of other investors this way and also people who have private money to lend that will help with you acquiring your own properties.   You probably live at home with your parents still but I would suggest when you decide the time is right to move out look at house hacking and buy a multifamily property and live in the smallest unit and then rent out the other units.

Quote from @La'Terrius Campbell:

@Michael J. Can you explain more in depth to that? Just want to make sure I’m understanding it correctly.

 call each list 8-10 times, every round you dial the number 3x

Send a copy to your title company or closing attorney and ask them if its acceptable to use.

Sell your single family, buy a triplex or quad and house hack it.  Live in the smallest unit, renovate and rent out the other units.

Have you already found the house or you are wanting to know how to find the house?

Google lot lines aren't a true indication of your actual lot.  You would want to get a surveyor to come out and survey your lot, if there isn't already a survey on record at the county.

We do 8-10 rounds of dialing each list and each round dials each number 3 times so everyone gets called 30 times in the month

Quote from @Nader Hachem:

Quote from @Michael J.:

You can do an "as-is" contract but still retain the right to have the property professionally inspected.  It should look something like,
"Buyer retains the right to inspect the Property by 6 P.M. on (date) for informational purposes only." on the contract.  If you are working with a REALTOR they should be able to walk you through this.

Does this give me the option to back out if a major issue arises like it would if I had a contingency? I assume that would be done after the offer is accepted just because how fast these houses are selling, in a day or two  

I'm not sure how the contracts are in MI.  I would talk to your agent.  If you are able to do a due diligence contract that should give you the ability to back out.  If you do "as-is" you dont have many options to get out of that contract.

It's like panning for gold. You have to sift through alot of sand to finally find that gold.  Stop analyzing, pick a marketing channel and get busy.  Whether its D4D, text blasting, cold calling, etc... get started.  You will make mistakes, but you will learn from them.

You can do an "as-is" contract but still retain the right to have the property professionally inspected.  It should look something like,
"Buyer retains the right to inspect the Property by 6 P.M. on (date) for informational purposes only." on the contract.  If you are working with a REALTOR they should be able to walk you through this.