All Forum Posts by: Brandon Gentile

If you price MF correctly they will sell. Most investors have no idea how to price MF, hence why they usually sit. If you are focused on cashflow and not trying to make a killing off of other investors then you will have no problem selling MF!

Good luck and welcome! You are in the right place!

@Bao Nguyen I think you may have hit something here. Although I am not that close to you (45mins) I would love to hear your ideas and see if it could be brought about on a larger scale or at least implemented in my area of Genesee and Metro Detroit. If anything maybe I could spark a few ideas in you!

I do feel that most investors nickel and dime themselves WAY too much and overcomplicate everything. Instead of focusing on that next home purchase they are caught up on the next toilet purchase to save a few dollars. It pains me to see people toiling like this, day in and day out. Why not build a team and let people do what they are good at? Like you mentioned...you didn't see Henry Ford tightening bolts.... 

If you can @Kevin White I would definitely look at buying owner-occupiied with the FHA mortgage 3.5% down. Then you can get out in a year and do it again if need be. Or just move on and buy your first SFR and you still get to keep the interest rate and that low down payment on the first multi you bought. Otherwise you are looking at putting at least 20% down with any type of traditional financing. Good luck!

Great stuff on here.

It does all come down to tenant and law.

I have seen it done in Michigan. I had a client last year who was divorced and drove a beautiful Porsche 911 Turbo and paid $26,000 up front to the landlord for the year on beautiful lake here in Oakland County. She then bought a home this year.

Each situation is different. Do your diligence!

Congrats @Deon Knott

Sounds like you have a good foundation. What are you future goals and aspirations?

Very interesting topic. This really is the wave of the future. Crowdfunding is the way around a lot of the red tape. For now...

Great topic! Interested to see what people have to say.

I'm looking at a property in Flint around the Court street and Ballenger Road intersection. If anyone has any knowledge with that intersection and the area surrounding it please let me know. I have all the other details I need I am just looking for some information on that area. I have another property about a mile from there but as we all know every street can be different. Any and all knowledge is welcome! Thank you!

Whats up, Damon! Good to hear that you are ready to go!

Start getting active in the local REA meetings. Also, start reading, A TON! The best key to success is your continual learning and personal development. One more item, dont be afraid to make mistakes. Jump in when the time is right.

Learning. Networking. Action.

Great info! Thank you!

Its definitely something I want to eventually get in to this next year or two and branch out. As was mentioned, I just find it hard to retrieve information anywhere on the topic.

Im assuming commercial brokers or business brokers would probably be the people to talk to...?

I feel like the market is oversaturated right now in that arena? I see them popping up everywhere in the past couple years...