All Forum Posts by: Jamil Aboumansour
Jamil Aboumansour has started 1 posts and replied 2 times.
Quote from @Travis Biziorek:
Hey Jamil,
I totally get the struggle of starting out on a budget. I'm based in California as well and started investing in Detroit a few years ago, so I've been through a lot of the ups and downs. I built a 12-door portfolio in Detroit using the BRRRR method, which I've documented pretty extensively on my blog (happy to send it over if you want to dig into the details).
Detroit's a great market for building long-term wealth on a budget. The numbers make sense, but it's not without its challenges. The key to success is understanding the neighborhoods, working with reliable contractors, and knowing the ins and outs of the local market. That said, prices are much more affordable than what you'd find in California, and it's one of the few places where you can still make the BRRRR method work.
That being said, there are definitely some challenges, especially if you’re doing a lot of the work remotely. It’s a city with a lot of history and potential, but things can move slow, and the market can be unpredictable. That’s why building a solid team on the ground is essential—whether it’s property managers, contractors, or realtors. I’d be happy to share more about my experience if you want to hear how I made it work.
Let me know if you want to chat more or have any specific questions!
Travis
Thanks again
Hi everyone, I’m a beginner investor based in California. I’ve saved $80K. I’m looking to invest in a rental property out of state and using BRRR method. I’m still learning and would love to connect with others who’ve started with similar budgets. Open to advice, tips, or just hearing what’s worked for you! Thanks in advance.