Real estate investment is one of the best ways to build wealth and security for your future. It is something anyone can do despite their income, background, or location. At Pinnell Enterprises, LLC, we aim to encourage more new investors to come out of the woodwork! However, for some new investors, the process of building a portfolio can seem intimidating and overwhelming. Our goal is to simplify the process, making real estate investment accessible to anyone. As you learn more, your portfolio will begin to grow without even trying. You’ll know what to buy, what to pass on, and when to act. If you are ready to start investing in real estate, here’s how to get your start when building a portfolio in Metro Detroit.
Form a Partnership With Someone You Trust
Working with a partner can be a great way to break into Metro Detroit real estate investment. Of course, this person should be someone you trust that has similar goals as yourself. Working with a fellow novice will allow you to learn the ropes together, so make sure you have someone as dedicated as you are, who is also aspiring to reach the same goals. When working with a seasoned investor, things may play out a bit differently. You may find yourself doing some of the busy work in exchange for learning the ropes. Either way, working with the right partner can help you with real estate investment in Metro Detroit. As they say, we can do more together than we can alone!
Work With A Professional Buyer to Find the Right Property
If you’re not working with a seasoned investor, or even if you are, working with a professional buyer such as Pinnell Enterprises, LLC can help you find the property that’s right for you. A professional buyer scouts property for a living, only presenting the best of the best to the clients they serve. All you have to do is specify your criteria, and we will do the rest. We’ll find the right property, and help you to negotiate the right price. Working with a professional home buyer is a no-brainer for investors who want to save time finding the best deals. Partner with our team to find the best and most profitable investment real estate deals in the Metro Detroit area.
Start Small When Making Your First Purchase
It’s important when building your Metro Detroit investment portfolio that you don’t get in over your head. Buying investment real estate can be very exciting. Do your homework, make sure your numbers add up, and that you have reviewed as much data as possible. Investing in land, a small single-family home, or even house-hacking a small multi-family property are all some ways to get started in the real estate industry. House hacking is when you buy a multi-family property and live in one of the units yourself. It is a great way to become an investor while having renters pay the mortgage for you. After all, you need somewhere to live and this strategy is a common one for first-time real estate investors in the Metro Detroit area.
When making a real estate investment, it is important to speak to your lawyer and accountant first. Our team provides information only, and can never take the place of advice from a legal professional.
Are you interested in Metro Detroit real estate investment? Our team can help you find the best properties available. Whether you are looking for residential properties commercial properties, or land, our team can help you. Reach out to us today to explore properties that meet your specific criteria. Send us a message or give us a call at (734) 245-9654!