Ann Arbor Real Estate Investors Club

Ann Arbor Real Estate Investors Club Networking, Classes, Workshops, Coaching, deal making, partnerships and more. Several events every month. Over 2100 members and growing! Join us!

The Ann Arbor Real Estate Investors Club is about LEARNING, NETWORKING, and helping YOU reach YOUR real estate investment goals. We offer Group Coaching sessions every Saturday, 1:1 Coaching, networking and deal making opportunities. Our goal is to provide you with all the Education, Network, Tools, Financing Resources, and Power Team members you need to become a successful investor. trainings will be broken out according to your level of knowledge, experience, and desires. Whether you are a complete novice, and "don't know what you don't know," or are an experienced investor with 100 deals under your belt, there is lots and lots of value for you. At our MeetUps, you'll also have the opportunity to Meet local Ann Arbor, Michigan area experts, seasoned investors, money people, vendors, and fellow Real Estate
owners, buyers and investors. You'll learn how to: Create successful investment strategies; evaluate opportunities; create your investment team, discuss Case Studies, analyze properties currently on the market, negotiate contracts, find financing and anything else about land and realty. We will discuss single family homes, multi-family apartments, student rentals, vacant land, commercial, Limited Partnerships, foreclosures, and much, much more! Our meetings will be informational, fact-filled, and valuable. Please check our website on MeetUp often. Come and check us out, you'll be glad you did!
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HOW WE LEARN: FROM “THIS LOOKS EASY” TO “I KNOW WHAT TO LOOK FOR”Think back to learning how to drive.Before you got behi...
09/23/2026

HOW WE LEARN: FROM “THIS LOOKS EASY” TO “I KNOW WHAT TO LOOK FOR”

Think back to learning how to drive.

Before you got behind the wheel, it probably looked simple. Turn the key, steer, brake, and pay attention. Then came your first lesson. Suddenly you had to watch the road, check your mirrors, judge your speed, signal, and remember where you were going—all at once.

That experience illustrates the four stages of learning. I think they apply especially well to real estate investing.

1. Unconscious incompetence: “I don’t know what I don’t know.”

You see a duplex listed for $350,000 with $3,000 a month in rent. You do some quick math and think, “That could work.”

You haven’t yet accounted for the buyer’s new property tax bill, vacancies, repairs, insurance, utilities, or financing. You’re like the passenger who thinks driving is just steering.

2. Conscious incompetence: “Now I see how much I need to learn.”

You sit down with the actual numbers and realize the advertised income tells only part of the story. This stage can feel discouraging. It’s also a breakthrough: you’ve started asking better questions.

3. Conscious competence: “I can do this, but I have to think it through.”

You know to request the rent roll and expense records. You estimate taxes after the sale, build in reserves, and calculate cash flow. It takes time and concentration, much like driving during those first months after getting your license.

4. Unconscious competence: “I recognize what needs a closer look.”

With practice, you can scan a listing and quickly spot a missing expense, an optimistic rent projection, or a price that may leave too little room for profit. Experience helps you know where to focus.

Even at this stage, you still verify the numbers. A good instinct tells you what to investigate; it doesn’t replace due diligence.

Here’s what I like about this model: stage two is progress. Discovering what you don’t know can be uncomfortable, but it’s how you become a more capable investor.

Where are you in your investing education right now? And what’s one thing you understand today that you didn’t know to ask about when you started?

— Brian Bundesen
Ann Arbor Real Estate Investors Club

Join us Thursday! How much will that rehab really cost?A quick guess can turn a promising investment into an expensive l...
09/22/2026

Join us Thursday! How much will that rehab really cost?

A quick guess can turn a promising investment into an expensive lesson. This Thursday, our Ann Arbor Real Estate Investors Club Core Competency class will cover three habits that help you estimate and manage a rehab:

Get your builders license and learn how the work fits together.

Learn project management so the scope, schedule, and budget stay connected.

Treat contractors like royalty—good working relationships matter.

We’ll keep it practical and leave you with steps you can use on your next property.

Thursday, September 24 · 9:00 AM
Mezzanine Level at Harvest Market
910 Briarwood, Ann Arbor

Join us—and bring a question about a project you’re considering!

09/21/2026

In order to onboard my New Followers quickly, and as a reminder to those who have yet to attend our Weekly Sessions, based on my 21+ years experience in real estate, I have compiled a list of Core Competencies. These are skills and subjects that come into play very often in anyones real estate career. I spotlight one of these each Thursday, and also have a YouTube channel with 45 minute long classes on each one. If you're interested in real estate, here is what you need to learn and practice. I call it 'Becoming an investor.'

Ann Arbor Real Estate Investors Club
Core Competencies

“What Kind of Investor am I Becoming?”

Planning → I become an intentional investor.
Finding Deals → I become an opportunity creator.
Analyzing Deals → I become a disciplined decision-maker.
Funding Deals → I become resourceful.
Negotiating → I become confident.
Due Diligence → I become wise.
Contracts → I become protected.
Estimating Rehab → I become realistic.
Prosperity Team → I become connected.
Property Management → I become systematic.
Property Knowledge → I become informed.
Foreclosures → I become prepared.
Multi Family → I become a steward of communities.
AI & Technology → I become more effective.
Scaling → I become someone whose impact continues to grow.

Key: Get these competencies into your DNA (Daily Natural Activity)

Join us on Thursdays to learn and engage. Feel free to DM me as well for next steps.

MULTI-UNIT MONDAY: 58 Properties—But What’s Really New?There are currently 58 multi-unit property records on the market ...
09/21/2026

MULTI-UNIT MONDAY: 58 Properties—But What’s Really New?

There are currently 58 multi-unit property records on the market in Washtenaw County.

This week’s full-market review found:

• One genuinely new Ypsilanti duplex
• One Dexter Township property relisted with a $50,000 price reduction
• 27 properties on the market for more than 60 days
• 18 properties on the market for more than 90 days
• Asking prices ranging from $160,000 to $4.15 million

The new duplex is occupied, but the listing contains conflicting rent figures. The repriced property reports an NOI higher than its gross income—which is mathematically impossible.

That’s why investors cannot rely solely on the advertised numbers.

Every property needs to be recalculated using verified rents, realistic expenses, financing requirements, and the property-tax bill a new owner will actually face.

I’ve prepared a detailed Multi-Unit Monday report covering the current market, this week’s changes, preliminary investment calculations, and the complete inventory.

DM me for a copy or to discuss your investment strategy.

Brian Bundesen, REALTOR®
The Bundesen Team at Real Estate One
(734) 678-9032

I am very humbled today. We have several new followers, and have passed the 1000 Follower mark. Welcome to all! My goal ...
09/20/2026

I am very humbled today. We have several new followers, and have passed the 1000 Follower mark. Welcome to all! My goal is to deliver valuable posts, and help YOU with your Real Estate goals and Investments. We are about Learning, Networking, Doing Deals, and Enjoying The Journey. We have a LOT of growing energy at our Thursday morning MeetUps, and are working on creating an AWESOME 2027. I hope you join us at one of our events, or feel free to reach out directly. Good things are coming!

🏘️ Wayne County Multi-Unit Market SnapshotThere are currently 612 multi-unit properties for sale across Wayne County—an ...
09/19/2026

🏘️ Wayne County Multi-Unit Market Snapshot

There are currently 612 multi-unit properties for sale across Wayne County—an enormous and remarkably diverse pool of investment opportunities.

Here is what stands out:

• Median asking price: approximately $160,000
• 368 properties—60% of the inventory—are priced below $200,000
• 482 properties—nearly 79%—are priced below $300,000
• 359 listings have been on the market at least 60 days
• 265 have been available for 90 days or longer
• 101 have been on the market at least six months

The inventory ranges from inexpensive duplexes and major rehabilitation projects to large apartment buildings and multi-property packages. It is heavily concentrated in Detroit, with additional opportunities throughout Wayne County.

The greatest opportunity may be found among the older listings—but a low price or long market time does not automatically make something a good investment. We still need to verify:

✅ Current rents and occupancy
✅ The buyer’s projected property taxes
✅ Operating expenses and deferred maintenance
✅ Required repairs and rehabilitation costs
✅ Financing terms and realistic cash flow
✅ Whether the seller’s numbers are actually supportable

With 612 properties available, the challenge is not finding a listing. It is identifying the relatively small number that can genuinely make financial sense.

If you are looking for a Wayne County multi-unit property, contact me to discuss your investment strategy and how we can narrow this enormous field.

Brian Bundesen, REALTOR®
The Bundesen Team at Real Estate One
Twice the Service, Double the Commitment

🏚️ FORECLOSURE FRIDAY: WHERE ARE THE OPPORTUNITIES?There are currently 273 bank-owned properties listed in my MLS.🔹 29 a...
09/18/2026

🏚️ FORECLOSURE FRIDAY: WHERE ARE THE OPPORTUNITIES?

There are currently 273 bank-owned properties listed in my MLS.

🔹 29 are new in the past seven days
🔹 116 have been on the market for more than 60 days

The geographic breakdown tells an interesting story:

📍 Metro Detroit and Southeast Michigan: 106
📍 South-Central and Southwest Michigan: 56
📍 Northern Michigan: 50
📍 Flint, Saginaw, the Thumb and Mid-Michigan: 45
📍 West Michigan: 16

Wayne County leads the list with 69 properties—roughly one-quarter of the entire inventory. Genesee County has 19, Oakland County has 16, and Jackson and Macomb counties each have 12.

Washtenaw County currently has only one.

That means investors willing to look beyond the immediate Ann Arbor area have a much larger pool of opportunities to consider.

The 116 properties with more than 60 days on the market may deserve special attention. Longer market time can sometimes create stronger negotiating leverage, particularly as colder weather approaches and carrying costs continue to accumulate.

But remember: a foreclosure is not automatically a bargain.

Condition, repairs, taxes, title issues, neighborhood demand, after-repair value and your exit strategy all need to be carefully evaluated. The asking price is only the beginning of the analysis.

If you would like access to the complete list—or want to narrow it by geographic area, price range or investment strategy—please reach out.

Current industry rules require a written Buyer Agency Agreement before I can provide a curated property list or begin offering property-specific buyer services. I’ll gladly explain that agreement in plain English so it isn’t intimidating.

Have a great Friday!

Brian Bundesen
The Bundesen Team at Real Estate One
📞 (734) 678-9032

🏢 INVESTOR INTELLIGENCE: Due Diligence Starts BEFORE the OfferOne of the biggest mistakes a real estate investor can mak...
09/17/2026

🏢 INVESTOR INTELLIGENCE: Due Diligence Starts BEFORE the Offer

One of the biggest mistakes a real estate investor can make is waiting until AFTER an offer is accepted to start asking the important questions.

Before I even get deeply into rent rolls, leases and P&Ls, here are 5 questions I want answered before determining what an investment property may actually be worth:

1️⃣ Has the seller run the numbers using the NEW property tax bill the buyer will be facing?

This is a big one.

Investment listings often show the seller's current property taxes as an operating expense. But that may not be the tax bill the new owner faces after the property changes hands.

If we're analyzing NOI, cap rate and cash flow using an unrealistic tax number, we're starting with a potentially misleading picture of the investment.

2️⃣ Are the advertised rents ACTUAL rents—or projected “market rents”?

Show me the rent roll. Who is paying what? When do the leases expire? Are there concessions, vacancies or delinquent tenants?

3️⃣ What expenses are missing from the offering information?

Insurance, utilities, repairs, maintenance, management, snow removal, landscaping, trash, reserves—the expenses that aren't shown don't magically disappear.

4️⃣ What major capital expenses could the new owner inherit?

Roof. HVAC. Parking lot. Plumbing. Electrical. Windows. Structural issues.

A property can produce positive cash flow on paper right up until the new owner writes a $40,000 check.

5️⃣ Do the seller's numbers actually reconcile?

Do the rent roll, P&L, leases and offering memorandum tell the same story?

If they don't, why not?

🤖 And this is where ChatGPT has become an incredibly useful due-diligence tool.

Give it the listing information, offering memorandum, rent roll and available financials, and it can help identify missing information, flag inconsistencies, recalculate the investment using the buyer's projected expenses, and—perhaps most importantly—generate the questions we should be asking the seller before an offer is ever written.

AI doesn't replace due diligence.

It helps us do better due diligence.

And sometimes the most important discovery isn't an answer.

It's realizing that nobody has asked the right question yet.

— Brian Bundesen
The Bundesen Team | Real Estate One
Twice the Service, Double the Commitment.

Join us Tomorrow - Better Pre-Offer Due Diligence With CHAT GPTSometimes the greatest value comes from simply getting in...
09/16/2026

Join us Tomorrow - Better Pre-Offer Due Diligence With CHAT GPT

Sometimes the greatest value comes from simply getting into the room.

When real estate investors gather together, we create opportunities to make new connections, strengthen relationships, exchange ideas, and learn something that could help us make a better investment decision.

Tomorrow’s AAREIC Investor Roundtable will focus on:

Better Pre-Offer Due Diligence With CHAT GPT

We’ll explore how CHAT GPT can help investors:

• Research a property before writing an offer
• Identify missing or inconsistent information
• Spot potential warning signs
• Analyze available documents and financial information
• Develop better questions for the seller or listing agent

CHAT GPT does not replace inspections, attorneys, accountants, or other qualified professionals. It does, however, give investors an extraordinary new ability to organize information quickly and ask better questions before becoming committed to a deal.

Whether you are an experienced investor, preparing for your first purchase, or simply interested in learning how this technology can support better decision-making, you’re welcome to join us.

Thursday at 9:00 a.m.
Mezzanine at Harvest Market
910 Briarwood, Ann Arbor, MI

Come for the education—but don’t underestimate the value of the people you may meet along the way.

How ChatGPT Revolutionizes BATVAIYou have probably seen BATVAI on hundreds of MLS listings:Buyer’s Agent to Verify All I...
09/14/2026

How ChatGPT Revolutionizes BATVAI

You have probably seen BATVAI on hundreds of MLS listings:

Buyer’s Agent to Verify All Information.

It sounds simple—but thoroughly verifying a property’s details can require hours of research, calculations, document review, and follow-up.

ChatGPT is changing that.

For residential properties, it can help identify conflicting square footage, tax, bedroom, basement, condition, and sales-history information.

For multi-family and commercial investments, it can go much further:

Analyze rent rolls and operating statements
Recalculate NOI and cap rate
Estimate cash flow and cash-on-cash return
Test debt-service coverage
Flag missing expenses or questionable assumptions
Compare the asking price with the income the property actually produces
Create a detailed list of questions requiring further verification

I use ChatGPT in preparing our weekly multi-family reports and analyzing commercial properties and small strip centers. It helps turn pages of scattered information into a clear preliminary answer:

Does this opportunity deserve more investigation—or should we move on?

ChatGPT does not replace inspections, title work, municipal research, lenders, attorneys, accountants, or professional judgment. The underlying information still must be independently verified.

But it gives investors and their agents something they have never had before: the ability to conduct a remarkably fast and thorough first-pass analysis before investing substantial time or money.

It does not eliminate BATVAI.

It finally gives us a practical way to take BATVAI seriously.

What property information would you want ChatGPT to help you investigate?

Ann Arbor Real Estate Investors Club
Education • Connections • Opportunities

Address

555 Briarwood Cir
Ann Arbor, MI
48108

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm
Saturday 9am - 5pm

Telephone

+17346789032

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