He did mention he worked as a contractor back in college.

I have instead been apart of the customer service/call center field for 8+ yrs & I am burned out & ready to do something I know I will enjoy.

Even do deals with each other.Since I am a private lender, my hidden agenda is for me to meet experienced rehabbers to whom I will lend money to.That's right.This Meetup is for serious wholesalers and rehabbers who want to make 2014 their best year yet as far as real estate investing is concerned.If you are a wholesaler and you have a real estate deal you need to sell...you should attend.If you are a rehabber who wants a good deal and the FUNDING to buy a good deal, you should attend.If you're a newbie and you don't have a property to wholesale, you should attend.If you're a contractor and you want to meet rehabbers who can use your services, you should attend.If you're a real estate agent and you want to meet cash buyers who can buy your REO and shortsale listings, you should attend.If you're a real estate attorney, mortgage broker, banker, insurance agent...and you want to grow your client base of repeat customers, you should attend.Unlike other Meetup where you pay for your lunch, your lunch is FREE.To attend, please RSVP below by saying "I will attend.

She went to nursing school at the city college which cost a few thousand dollars.

I just got a closing costs quote from TD bank: ~5200 Origination 840 Appraisal 525 Credit Report 9 Customer Authentication Report .85 (85 cents) Flood Determination 5 Tax Service Fee 58 Title Services and Lender Title Insurance 1470 Owner Title Insurance 650 Government Recording Charges 715 Transfer Taxes 600 Initial Escrow 240 Daily Int Charges 90 Homeowner's Ins 75 I'm not sure how much less these numbers differ in Michigan.

My interest in investing was first sparked when I was in college and thinking about the financials for all the rentals to college students.

Thus I have some extremely good tenants, college educated, with great jobs.Ok this current deal is a triplex in the C class area of town.

Andy (think he's running the show over there) gives me awesome customer service every time I call in, which is huge for me.

I've been a successful small businessman for many years and had a 3.67 GPA in college, so I'm wondering why others are paying so much for a property that needs so much work for so little rent.

Comps are valued at around $300k according to Zillow (I don't have access to MLS) Monthly Rents: $2,500 - 3,000; Annual Average Gross: $33,000 rent Property Taxes: $3,700 Insurance:$750 Maintenance & Repairs: $9,500 Other variable costs: 6% of rents Vacancy Rate: 3% (College town - generally have 5-15 days before new renters move in) Downpayment: 25% Years: 30 Rate 4.35% I am roughly estimating $5,000 in improvements though I will get a contractor to provide me with his/her estimate.