LitlMikey 0 Report post Posted October 14, 2007 This message goes out to anyone who lives in Michigan and does real estate reinvestment. I am currently a senior in high school(Senior year finally!), and already know 100% that I want to get into real estate. The only problem is, I live in Michigan. As any other Michiganders know, the economy here is somewhat non-existant, with people moving away, losing jobs, etc. I can only wonder, would real estate be effective right now in Michigan? Will there be a sufficient amount of buyers for the properties I would be selling? Any statistics/insight that I can recieve from anyone who deals in Michigan would be truely appreciated. Thanks in advance, LitlMikey Share this post Link to post Share on other sites
MichaelC 160 Report post Posted October 14, 2007 Hello LitlMikey, and welcome to The Naked Investor! Wow! A senior in high school! Maybe I'll answer your question if you can help me set up a MySpace page and teach me how to play Halo 3?! Actually, it's impressive to see someone so young giving thought to such matters. I'm impressed.I'm not in Michigan, although there are a number of members here who are. I won't speak specifically of the MI economy, but in general, a buyers market means there are opportunites to be had in real estate. Their is an old expression in this biz: you make your profit when you buy. Meaning, no matter what the market is doing, you need to buy right. And your buying and selling strategies needs to reflect current conditions. Do not let anyone tell you to wait until the market bottoms, whenever that is supposed to be. It's always a good time to invest, as long as you do so correctly. In fact, more money has been made in down markets than at any other time.Look at Trump. He made a large part of his fortune by buying up Manhattan real estate at a time when NYC was on the verge of bankruptcy and no one else was buying. His critics called him a fool, but I suspect he got the last laugh. Share this post Link to post Share on other sites
LitlMikey 0 Report post Posted October 14, 2007 Hey Mike, thanks for the quick response! Sure I'd love to set that all up for you, for a price !(Hehe) Anyway, I appreciate the advice, it was definately uplifting(Especially coming from you). Lately I've been quite depressed because of the terrible economy, but Im glad to hear that I could actually use it as an advantage. Anyway, thanks again for the encouragement! Share this post Link to post Share on other sites
Jason (AL) 1 Report post Posted October 14, 2007 Hey there Mikey. Check in with our current representative, Adam.He's done ok in Michigan.Who knows, you might can work some JV deals with him. Share this post Link to post Share on other sites
LitlMikey 0 Report post Posted October 14, 2007 Hey Jason thanks for the tip, I'll definately check him out and see what he has to say. By the by, I happened to find that picture of you with the "Vette and the Hooters girls...Man are you livin' the dream or what?! Thanks again for the info. Share this post Link to post Share on other sites
