All Forum Posts by: Saravanan Saravanan

@Felix Daj Welcome to the journey to create income, wealth with unlimited possibilities to grow into a prosperous life.

Generally, the first handful of investments like fix-flips or rentals are good to keep within a 10-mile radius from where you live.  This helps to manage better when you work full time and real estate is a part-time option.  As you learn and adjust to the needs; then you can hire property managers or contractors for full management; as an option with benefits that comes with costs.

If you are in a position to drive then an extension of distance is fine.

There are many REIA groups that you can learn from through online or in-person sessions

Good luck.

@Jotran Lara Welcome to BP and real estate investing.  Glad that you saved funds to get going on investing.

Best wishes for your success. Use online resources and some local meetup groups to learn more and grow.

@Andrew Green You can create fractional ownership as part of your LLC structure. Probably an attorney who is familiar with real estate investing can support in creating these documents.

@Connor Anderson Good way to share your experience and create win-win opportunities.

@Jacob Bremer Congratulations.  May be purchased on lease option?  Looking at your 1% investment to value.

@Jessica A. Property and tenant management have been the key to landlords success. You found the nitch of long term as the cash flow numbers work well and able to collect rents from tenants.

Congratulations on passive income growth through rentals.

@Rodolfo Goncalves nowadays the university online school concept created temporary dips in housing around campus.  AnnArbor is a strong market and portions of Detroit city are doing well. 

@Donovan Clock Congratulations on the learning experience and success.  This is inspiring for others to emulate.

Using the smart way for JV or funding partner helps to do more deals that can add more $ to your pocket.

Best wishes

@Travis T. Braman Welcome to Michigan and the real estate world. There are plenty of opportunities. Find areas and markets that you feel works well for your budget and time. This can help to get a buyer and sellers list. There are local REIA meet ups in many parts of Michigan. You can tune in to groups online for monthly meet ups. Some are free and some are paid. You can learn a lot.

Good luck.

@Ryan Mackereth Your fixed-rate loan principal & Interest cannot be changed; unless it is a variable term loan.  The escrow is based on property taxes and property insurance.  These changes by city and company holding property insurance. Many escrow analyses are done the first couple of months during each calendar year and make adjustments.