All Forum Posts by: Saravanan Saravanan
Saravanan Saravanan has started 0 posts and replied 408 times.
Post: New Member reaching out

- Lender
- Troy, MI
- Posts 432
- Votes 147
Welcome to real estate where sky is the limit. Dream big and chase it.
Best wishes in soaking knowledge with your "10 acres of farmland in rural Georgia" as your starting point
Post: Goal Retire at 26 (or at least have the option)

- Lender
- Troy, MI
- Posts 432
- Votes 147
Your goal is not wrong. I meant to say is that "thinks has to be adjusted as you move along".
Personally, I learnt more when things went wrong, than everything was touch of gold. I have been through; unfortunate situations during THREE recessions in last 30 years (1990's; 2000's and 2007's).
Good luck and keep growing.
Post: New Investor, best option before moving?

- Lender
- Troy, MI
- Posts 432
- Votes 147
It is generally easier to manage things when the property is within a 10 to 20-mile radius of where you live. This is what I have learned and seen from the success/failure of fellow investors over the years.
Maybe if you developed a strong team; then there is a possibility things can be operated from far.
Post: Goal Retire at 26 (or at least have the option)

- Lender
- Troy, MI
- Posts 432
- Votes 147
I used to live on $400 to $500/month as a single about 25 years ago. Had different goal...and as I grew and start to learn more about life :) the thought process gets shifted for the better. So, I can relate to where you are coming from.
It is a good goal to start with. However, as time progresses; you would learn more and the goals might change. It is not just passive income that you depend on for retirement; you should also have a sizeable asset base. These are based on the person's needs, wants, family commitments, health, obligations to spouse-kids, and many other factors.
Keep this as a first milestone and move forward.
Post: Newbie Investor looking for Private Lenders

- Lender
- Troy, MI
- Posts 432
- Votes 147
There are Michigan based local hard money and private money lenders like us. We are not that far from where your focus of business is.
Explore all options and see who fits your needs well.
It is important that you know all the costs involved in funding the transactions; so there is no big surprises at the day of closing with the lender whom you choose from.
Good luck
Post: Enforceable Lease Terms

- Lender
- Troy, MI
- Posts 432
- Votes 147
It may be safer to speak with a local attorney who specializes in landlord evictions. If possible try to reach out to the state of Michigan in Lansing.
Sometimes overdoing in the grey area of landlord-tenant law; might fire back in the wrong direction.
Good luck
Post: New Member in Michigan

- Lender
- Troy, MI
- Posts 432
- Votes 147
Have seen upswings and also painfully been through handful of down turns of real estate and stock market.
I have started with my first vacant land registered on 14-Sep-1994 as owner on records.
Post: New Member in Michigan

- Lender
- Troy, MI
- Posts 432
- Votes 147
Post: Just acquired first rental - Building out team in SE MI

- Lender
- Troy, MI
- Posts 432
- Votes 147
You can always start small and scale up as the needs grow bigger and evolve. This way you have your costs adjusted based on income and assets; that gets build along the way.
Good luck
Scott, Joshua are local here to work with.
Post: My First Investment!

- Lender
- Troy, MI
- Posts 432
- Votes 147
@Laura Bowler Congratulations on your rental that you managed to work along with your full-time career.
Continue your journey to add one at a time and before you know it, the part-time income might surpass your full time.
We have handful of properties in Inkster too :)