All Forum Posts by: Nathan Olds

That makes sense, I have a family of 5 and I would feel the same way.

I have been looking for small multifamily and single family as well. I have found the small multifamily market to be over priced and when a good deal does pop up its gone instantly. I have decided to put m efforts behind single family instead. If I was dead set on multi I would call every "for rent" sign or post I could find and start a relationship with their owners, I'm sure there are some out there with non-payers right now and might just want to get out of it, some may owner finance. On another note, have you thought about rent by the room? Make sure o check with the municipality before you go all in on that strategy.

I'm in the same boat! I'm working on a plan to get her on board.

Makes sense. How did you come up with a rent price? Did you look at similar houses for rent in your area or did you contact property managers?

Awesome! Are you planning to do a cash out refinance?

@Derek Larson

Awesome! I like the Sauna Idea. My Wife's family has an old (in need of a lot of work) cabin on Houghton Lake that we've been thinking about Airbnb'ing. We plan on fixing it up anyway but I've been nervous about booking percentages through the seasons concidering I will personaly have to put a minimum of $40K-$50K into it.

@Nathan Eaton just curious why you decided to invest in Detroit and maybe Cleveland instead of the greater Lansing area.

@Derek Larson

I have been looking into short term rentals and have been trying to narrow the location to areas with water and ski resorts (to hopefully attract renters for the winter). What kind of marketing are you planning on doing for the winter?

@Basit Siddiqi thank you for the feedback. I know some books that deal with numbers, graphs, and charts are easier to follow and make notes on in a physical format. I was just curious if that was the case for the 2 books I mentioned.

I am a package delivery driver, that means I have 8-12 hours a day of time to listen to audio books and "drive for dollars". I have listened to over 20 real estate books and over 20 business and personal development books. I have 2 books in mind to read next but due to the content it may be better to get the paperback versions so I can take ample notes and have a better visual of its content. Would you all recommend the paperback versions of The Book on Estimating Rehab Costs and The Book on Tax Strategies for the Savvy Real Estate Investor or is the content in the books easy to digest via audio?