All Forum Posts by: Isaac A.

Isaac A. has started 5 posts and replied 113 times.

Originally posted by @Isaac A.:

@Ralph Noack Detroit is a long term ROI. For immediate cash flow.. look into the suburbs. I personally will not buy in Detroit at this time

Everyone should take heed to this advice. It's incredibly important! I need you all to follow it so I can continue to scoop up property in Detroit with insane cash flow metrics before you all realize what's going on and the numbers don't look so good in a couple years. :-)

Hi Travis :). you do know managing rentals in Detroit is not as easy as the subuirbs. A newbie could easily buy in Dearborn/Heights/Allenpark/Livonia, etc and these areas comes with proven gurantee returns.

I wish I could see my collegue professionals from Chrysler/Ford/GM moving to Detroit suburbs, then I will go for it :). Few issues to take into consideration investing in Detroit suburbs (1). D to C- School system (2). Policing not present in suburbs (3). Taxes: highest in Michigan at nearly 4% per year on investment homes, (4). Lack of Quality of Tenants... Let me know how much cashflow do you gain on a $800 rental unit. Vacancy rate , etc (5). Detroit has a homicide rate that is #2 to only St. Louis, but more challenging is theft at your construction site.

1 Vote

@Nicholas Brady. Depends on your goals. For examole, If your goals are to work 9-5pm in another office, then yes you will need at least a bachelors.

I studied my BSC and MSC in Electrical Engineering because I want to maintain my day job and use that income to invest on real estate. Yes I do invest in 401k max and rental units. I like what I do ,designing smart vehicles and the technology and I like to own assets too.

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@Alexander Wright. I will recommend Detroit suburb as a newbie. There is so many things to consider buying in Detroit. Also am not against REI education, but. Spend 10% of your time on books and 90% applying the knowledge from your books. "The book on flipping houses, by J scott" or the " The book on rental property investing and managing rental properties by Brandon Turner" is what I will recommend . Set goals and focus on that specific goal for at least 1yr. Flipping or buy and hold. , etc Let me know if you have any questions.

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Detroit, Michigan

Originally posted by @Jordan L. Webster:

@Isaac A. Sorry for the late reply. I haven't logged into BP in awhile. Thank you for the welcome. I've been on BP for a bit but not in Michigan. Hows Detroit going for you?

@Isaac A. sorry for the late reply. I've been interested Detroit for rentals for awhile. What types of properties have you invested in there?

What are your thoughts on the West side of Michigan as far as rental investment and flip potential?

I do not invest in Detroit. West side Mi - Grand Rapids/Kalamazoo are great places to buy

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@Saj Shah

Nice strategy

1 Vote

Detroit, Michigan

@Zachary Schimenz

$26 returns is a waste of time. Please buy in an area close to your home and manage yourself

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@Christine Seeley... As Scott said. Call or visit your building dept.

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@Jingwen Dunford

Interesting taughts

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Originally posted by @Jay Hinrichs:

Ford F150/F250 is the king of all Trucks. Tesla is just a brand name that people will buy just for the name.

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@Marduk Mooshoolzadeh

Find a duplex , use FHA loan 3.5% down pay ..live in one half and rent the other.

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All Forum Posts by: Isaac A.

Isaac A. has started 5 posts and replied 113 times.

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