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Connie, Other/Just Looking in Westland, MI

My husband and I are getting ready to retire and we are looking to invest in real estate? Need Help?

Asked by Connie, Westland, MI Thu Jan 1, 2009

Is Mount Pleasant, MI a good place to invest in rental proporties? Are there some good prices on some homes in forecloser that need some work? We are looking for a realitor to work with that knows where the deals are and if this is the time and place to buy.

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Hi Connie, you might be interesting to invest in land located in Panama, Central America...if so, please, reply...I trying to find a buyers/investors who would be interesting to buy the land by Pacific Ocean in Republic of Panama
0 votes Thank Flag Link Fri Dec 3, 2010
good morning connie...try calling derek bauer at real estate one in farmington hills..he advertises here on trulia..he is very well versed in making money in investment properties..if you are local..there are tons of deals right around us...without having to drive very far....tell him bob mcclure referred you to him..
best regards
bob mcclure
mortgage one
brighton, michigan
0 votes Thank Flag Link Fri Aug 20, 2010
My vote is for Maureen Francis. She is in Michigan, has a navigable site, and is dedicated to her profession. A good realtor will help you find the answers to all of the excellent questions brought up by Gary. Good luck in your new venture. Have fun with it, make money with it and enjoy your retirement!
Web Reference: http://www.mariatmorton.com
0 votes Thank Flag Link Thu Jan 1, 2009
Connie,

Not to be a contrarian, but I believe you are missing an important first step. Have you and your husband discussed this with your financial planner, CPA, and attorney? I would start with them, ask them to lay out your options and only then look for areas. There are calculators that will assist you in determining which properties might be a better investment (based upon returns from rent and taxes)

Will you and your husband also be physically managing these properties? or hiring a management company? Are you ready and able to deal with damages and evictions? If not, then rentiing, no matter how good an investment may not be for you. That's why I suggest speaking with professionals in other fields before viewing any properties. For any duties you are not willing to take on, expect returns on your investment to decrease (rapidly) no matter which city you choose for properties.
Web Reference: http://mi-living.com
0 votes Thank Flag Link Thu Jan 1, 2009
Connie,

College towns have done well. Is that why you are chosing Mt. Pleasant? Since you are in Westland, maybe you would consider Ann Arbor as something closer, or do you want to retire in Mt. Pleasant?

Let me know if you would like me to introduce you to a Realtor in Mt. Pleasant.

Maureen
Web Reference: http://miOaklandCounty.com
0 votes Thank Flag Link Thu Jan 1, 2009
Maureen Fran…, Real Estate Pro in Birmingham, MI
MVP'08
Contact
Mount Pleasant may be a good option. Are you interested in MI only? My general approach to rentals is to look in areas with heavy municipal business, colleges and or natural attractions such as a beach or mountains.

Are you interested in being introduced to a Realtor in Mt. Pleasant.

Cheers,

Colleen
Cotter & Associates
Keller Williams Realty
http://www.mySanDiegoAgent.com
0 votes Thank Flag Link Thu Jan 1, 2009
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