Real Estate Consultant · Detroit, MI · Member since 2013 · 10 posts · 2 votes
10mo
I'm local to Detroit and work with a mix of out of state investors doing BRRRR, flips, and long term holds. Finding the right team is definitely the make or break factor here, especially with how block by block the city is and how rehab timelines can change fast if there's no local oversight.
There are some solid investor friendly agents and lenders in the market, but honestly the bigger challenge I see people run into is coordinating the rehab phase and making sure the work actually matches the scope and budget. That’s where deals either succeed or fall apart.
If you’re starting to put a team together, I’d be happy to point you toward a few people I’ve seen do a good job, and also share what to watch out for with contractors and neighborhoods. I also do property walkthroughs, photos, and rehab check ins for folks who invest remotely, so I’m in the mix with a lot of these projects.
Feel free to reach out if you want to discuss what you’re trying to build and what kind of deals you’re targeting in Detroit.
Real Estate Consultant · Detroit, MI · Member since 2013 · 10 posts · 2 votes
10mo
I'm local to Detroit and work with a mix of out of state investors doing BRRRR, flips, and long term holds. Finding the right team is definitely the make or break factor here, especially with how block by block the city is and how rehab timelines can change fast if there's no local oversight.
There are some solid investor friendly agents and lenders in the market, but honestly the bigger challenge I see people run into is coordinating the rehab phase and making sure the work actually matches the scope and budget. That’s where deals either succeed or fall apart.
If you’re starting to put a team together, I’d be happy to point you toward a few people I’ve seen do a good job, and also share what to watch out for with contractors and neighborhoods. I also do property walkthroughs, photos, and rehab check ins for folks who invest remotely, so I’m in the mix with a lot of these projects.
Feel free to reach out if you want to discuss what you’re trying to build and what kind of deals you’re targeting in Detroit.
Looking for team to start BRRRRs in Detroit. Can you recommend investor friendly realtors, lenders & team members ?
David,
We are a brokerage that works almost exclusively with investors and can help you with every step in the process to build a rental portfolio by BRRRing.
First and foremost, we'll do the analytics to target only properties where the yield meets benchmarks, with ARV sufficient to allow for the desired cashout when it comes to refinancing. Once the property is acquired, we have a reliable, affordable, and transparent construction team for the renovation, and a leasing team to place a quality tenant.
Our goal is to get your property stabilized as quickly as possible, so you can start on the next one.
Let us know if you need any help, and best of luck on your BRRRR journey!
Looking for team to start BRRRRs in Detroit. Can you recommend investor friendly realtors, lenders & team members ?
Look into ohio. Better for BRRRR deals in columbus. You can run 75% ARV all day and deliver good product. Find good teams with off-market deals, contractors, good HML/DSCR, and PMs.
Looking for team to start BRRRRs in Detroit. Can you recommend investor friendly realtors, lenders & team members ?
Look into ohio. Better for BRRRR deals in columbus. You can run 75% ARV all day and deliver good product. Find good teams with off-market deals, contractors, good HML/DSCR, and PMs.
I believe the initial question was specific to Detroit, not Columbus.
I am also curious about any recommendations for reliable BRRRR teams in the Detroit market. Thank you for your help. When we look into the Columbus market, we will certainly reach out to you.