Intro...

My name is AP Berry, a multi-family investor out of Detroit, MI. I have been investing in real estate since I has 16 and real estate is in many ways the sole reason I was able to graduate from college.

I am eager to learn and I willingly take advice from all. I look forward to meeting and greeting all of you. Please...stop by and say hello.

AP Berry

Edited: 06/26/2010 at 08:12AM

Joshua Dorkin

BiggerPockets Founder · Denver, Colorado

10629 posts
46531 Influence
24 Awards

Icon_minipost May 12 '09, 02:11 AM

Hey AP! I'm glad to see you jump in and introduce yourself. Please let us all know about what kind of investing you've been up to for all these years. Do you specialize an any particular size multi-family properties? Are you looking to expand into other property types?

BTW - I hope you'll upload a personal image so we can better relate to you/find you as you participate on site.

Best, Josh

Edited: 06/26/2010 at 08:12AM

Joshua Dorkin, BiggerPockets, Inc.
E-Mail: webmaster@biggerpockets.com
Telephone: 877-831-4704
Website: http://www.biggerpockets.com
Be sure to check out the BiggerPockets Blog at http://www.BiggerPockets.com/renewsblog/

Will Barnard

Rehabber · Santa Clarita, California

7238 posts
54461 Influence
23 Awards

Icon_minipost May 12 '09, 08:40 AM

Welcome to BP AP!
Update your profile and fill us in!

Edited: 06/26/2010 at 08:12AM

Will Barnard, Barnard Enterprises, Inc.
E-Mail: info@barnardenterprises.com
Website: http://www.barnardenterprises.com
info@barnardenterprises.com

Dick Green

Residential Real Estate Broker · Conroe, Texas

1596 posts
1347 Influence
4 Awards

Icon_minipost May 13 '09, 12:35 AM

Hi AP!

Welcome to the group. How's the automotive industry affecting the Motor City's real estate market?

Edited: 06/26/2010 at 08:12AM

AP Berry

Real Estate Investor · MI, Detroit

4 posts
13 Influence

Icon_minipost May 13 '09, 10:33 PM

Hi guys,
Thanks for the warm welcome!
I started in buying and selling homes and smaller apartment units. Currently, I am focusing in on properties with 100+ units, mainly in the Southeastern US (i.e. GA, NC, SC, TN, FL, AL). Eventually, we are looking to expand into retail and office assets. One of our short term goals is to raise private equity in excess of 50 million USD.
Dick, as you can imagine Detroit is an investor's playground. Detroit's economy is unlike any other, undiversified and so dependent on the auto industry. Consequently, property values reflect this problem. Truly, what's going on around the globe has been occurring in Detroit for the last forty years without any media coverage. However, I think Detroit is primed for a tremendous rebound. Our political representatives in partnership with the business community are seeking to diversify our economy to break our dependency on the car industry. In sum, I invite ALL to invest in Detroitâ€¦..the new PARADISE!

Edited: 06/26/2010 at 08:13AM

Jon Holdman

Real Estate Investor · Denver, Colorado

11859 posts
75527 Influence
15 Awards

Icon_minipost May 13 '09, 10:47 PM

What about the continuing cuts in auto worker ranks? GM is discussing moving their HQ out of Detriot. Seems like that would have a huge, and negative, effect as all the white collar workers from HQ move elsewhere.

What is it the city is doing to change that? A similar thing happened here in Denver back in the 80's. Denver was very dependent on the oil business, and property values tanked during one of the oil business' recurring declines. The area was able to convince other industries to move in, and we're now much more diversified. If the same thing happened in Detroit, you're right. Picking up houses on the cheap will make you rich long term. Detroit just seems to have a much bigger problem, and a much more difficult recruiting path.

Edited: 06/26/2010 at 08:13AM

Jon Holdman, Flying Phoenix LLC

Tiara Murray

Wholesaler · Detroit, Michigan

295 posts
628 Influence
4 Awards

Icon_minipost Jun 02 '09, 03:30 PM

Well Jon. I'm gonna have to disagree to a certain extent. The White Collar workers never really lived inside of Detroit's city limits anyway, so they neither helped or harmed our economy. Governor Granholm is leading Michigan into a new phase. With our budding tech/film industry, we are now beginning a new era and finding a new identity aside from the auto industry... We are rebuilding, and I can honestly say that I like they way we are moving. Many people only see the bad because thats the only thing being shown around the country. But there are many greats advantages to living in the City. Also new companies are moving in at an alarming rate, college graduates are choosing to stay in Detroit and begin their careers here. And in addition to the above mentioned, real estate development is at an all time high here. You should check the site Modeldmedia.com

Edited: 06/26/2010 at 08:26AM

Dick Green

Residential Real Estate Broker · Conroe, Texas

1596 posts
1347 Influence
4 Awards

Icon_minipost Jun 03 '09, 04:16 AM

Tiara,

I admire your perspective. I'm more inclined to believe that, areas which suffer the most economically also provide the greatest opportunities for wealth.

Edited: 06/26/2010 at 08:26AM

Steve George

· Calgary, Alberta

2 posts
8 Influence

Icon_minipost Jun 10 '09, 08:37 PM

Hello

I am Steve. I am 30 years old. Nice to meet you.

Thanks:

[AD REMOVED]

Edited: 06/26/2010 at 08:32AM by Moderator

Josh Green

Banker · Tampa Area, Florida

962 posts
4831 Influence
6 Awards

Icon_minipost Jun 10 '09, 09:25 PM

steve, welcome to the site! please feel free to advertise your site in your signature line and not the body of the post or it will be removed as it appears to be spammish.

Edited: 06/26/2010 at 08:32AM

Jim Doine

Real Estate Investor · Myrtle creek , Oregon

343 posts
387 Influence
2 Awards

Icon_minipost Jun 11 '09, 12:42 AM

Hi AP, welcome to BP. I would like to discuss Detroit investing with you. My email is in signature, Jim

Edited: 06/26/2010 at 08:32AM

Account Closed

4 posts
-179 Influence

Icon_minipost Aug 10 '10, 02:09 AM

Hey AP, nice to meet you. My name is Mike Miles. Are you interested in bulk car notes? They gaurantee a 17.64% annual return, and 19.1% if you re-invest. There are many options! If this is something you may be interested in, drop me a line at miles-financial@hotmail.com. You can also reach me at 1(403)279-9568 office 1(403)279-9578 fax
Thanks AP
Your new friend,
Mike