My husband and I recently moved to Japan, but want to continue building our real estate portfolio in the US from a far. We are specifically interested in the buy and hold strategy with the goal being as much cash flow as possible (don't care too much about appreciation and definitely not interested in flips). I started listening to Morris Invest and discovered turn key companies however, thanks to great discussions here on BP, I'm starting to lean towards choosing a market and relying on an excellent investment focused real estate agent to help build my team in order to yield higher returns. We are looking to invest in cash flowing single family or small multifamily properties that only require mostly cosmetic work, not extensive rehabs. I would love any recommendations for real estate agents with this focus in Detroit or Indianapolis as well as any questions I should ask them during the interview process.
Wholesaler · Sterling Heights, MI · Member since 2014 · 335 posts · 105 votes
8y
@Leigh Hall - Welcome to the BP community! I'm a wholesaler and rehabber in the metro Detroit area. Please reach out to me with any questions you have.
Realtor · Detroit, MI · Member since 2018 · 387 posts · 129 votes
8y
Hello Leigh. I was born and raised in Detroit. Along with being a realtor/investor of 20 years. I am very familiar with the market . Any questions let me know
Specialist · Indianapolis, IN · Member since 2014 · 670 posts · 352 votes
8y
@Leigh Hall I think your strategy is solid! Finding a real estate minded broker sometimes can be difficult as they don't always know how to run numbers, rehab costs, knowledge of construction, property management and other such items that are important when investing in real estate. While I am not a real estate agent, if you need assistance in Indy I'd be happy to provide my two cents.
Wholesaler · Sterling Heights, MI · Member since 2014 · 335 posts · 105 votes
8y
@Leigh Hall - Welcome to the BP community! I'm a wholesaler and rehabber in the metro Detroit area. Please reach out to me with any questions you have.
My husband and I recently moved to Japan, but want to continue building our real estate portfolio in the US from a far. We are specifically interested in the buy and hold strategy with the goal being as much cash flow as possible (don't care too much about appreciation and definitely not interested in flips). I started listening to Morris Invest and discovered turn key companies however, thanks to great discussions here on BP, I'm starting to lean towards choosing a market and relying on an excellent investment focused real estate agent to help build my team in order to yield higher returns. We are looking to invest in cash flowing single family or small multifamily properties that only require mostly cosmetic work, not extensive rehabs. I would love any recommendations for real estate agents with this focus in Detroit or Indianapolis as well as any questions I should ask them during the interview process.
Thanks,
Leigh
Hello, welcome to BP! I feel identified with what you say. I am a foreign investor, based in South America and travel very often to Detroit to monitor my investments. We share the same goals: a long term buy and hold strategy. I have been focused on building this portfolio during this year having developed my own team of realtors, handymen, property manager, title house, inspection companies, attorney and all the expense list of etceteras that might bore you. You are on the path! we have a nice cashflowing portfolio and focused on getting bigger! anything you need, please don't hesitate to contact me. Leo.
Gainesville, VA · Member since 2016 · 8 posts · 4 votes
7y
@Leo Furest Hi Leo,
Saw your reply to the post about finding a good real estate agent in Detroit. I am looking to do the same as you are...buying and holding multiple properties and building my wealth with cash flow. I am just starting out and am looking to build my team any recommendations that you may have as far as real estate agents, lawyers, banks, title companies, property managers etc. would be greatly appreciated.
I see that you are in Uruguay, I have been to Montevideo several times for work.