All Forum Posts by: Joseph Bui

Hi Robert, excited that you are jumping into the world of real estate. I have a 10 door portfolio across Detroit and Memphis and would be happy to help answer any questions you have, especially in these markets. Lets connect!

I'm bias because I have 2 flips in progress right now, but I'm a big Detroit fan when it comes to flipping. Even in up and coming neighborhoods, you can find vacant run down houses and turn a "quick" 20-50% return. Since prices are so cheap, you don't need to worry about hard money. On top of that, labor is cheaper, so a full very nice remodel shouldn't cost more than 60k at most. Most will cost way less. Happy to connect and knowledge share if you are interested.

Hi Seth, I've done BRRRRs a few times with various amounts of success. I've done it in Detroit and Memphis. Happy to connect and knowledge if you are interested.

Hi Nishil, I don't have any Indy rental properties but I know a few investors there I can connect you with. All my properties (11 total) are in Detroit, Memphis and Seattle and if you want to chat about any of those markets, happy to do so.

I've been doing BRRRR deals in Detroit, Memphis and Cleveland for a few years now. Some deals get all funds back, some most. Just depends on the mood of the appraiser. Still plenty of good deals to be found, just need the right people in place to help source and rehab. Happy to connect and chat more if you or anyone is interested.

Cash flow can more easily be found in midwest markets like Detroit, Cleveland and Memphis. Those are the markets I invest in and I'm seeing roughly 10-20% cash on cash on the deals I do. Happy to connect and help however I can if you are interested in those markets.

I think a heloc is a solid method to fund a flip. I've done it myself. However the key is making sure the numbers pencil out so that, at minimum, even in the worst case, you can pay back that heloc because interest on that is going to be very high. That being said, sure beats using hard money and taking on all those insane closing costs. Where are you planning to do a flip?

I'm investing in Memphis and Detroit and also dabbling in Cleveland. Happy to connect and share contacts with the teams I use in this market if you are interested.

I'm a Detroit investor (as well as Memphis and Seattle) and so far so good. It hasn't been perfect but overall I'm happy with my currently 8 door portfolio there. I have 2 flips in progress and 6 long term. There are different approaches  you can take here and happy to discuss strategy if you are interested.

I'm based in the Seattle area and have a portfolio of 10 properties across Detroit and Memphis. Obviously, if you live in an area it makes sense to have a portfolio of long term rentals, you should. For me, Seattle is too pricey for me and, at least for now, the returns don't make sense. For me, its all about the numbers. If the numbers make sense, which usually equates to 10% or better cash on cash and roughly 1% rent to price ratio in an area that has appreciated well recently, I don't care how far I'm away from that market, I try to buy there. Happy to connect and talk through scenarios if you are interested.