All Forum Posts by: Joseph Bui

I'm an investor in a couple Midwest markets (Memphis and Detroit) where the cash flow is solid and the appreciation has been very good as well. Still a lot of deals for 100k so I think the midwest is a good place to start or grow your portfolio. Happy to connect and knowledge share.

Are you sure it would be cash flow positive? Its not even close to the 1% rule. Also got to think about maintenance which most investors set aside 15-20% of the rent just in case.

In any market, if the numbers work for you, it can be a good investment. However, things you go to be aware of A. Its nearly impossible to cash flow, expect to lose 1-2k a month. Add on top of that any maintenance issues that pop up (and they will eventually). B. Appreciation seems to have gotten stagnant there recently. These are the same reasons I don't invest in my home market of Seattle. I am mainly invested in midwest markets Memphis and Detroit where there is solid cash flow and apprecation has been good as well. Happy to connect and knowledge share.

LLC is just another layer of protection. There is a great debate about LLC or just taking out a big umbrella policy.

Hi Brian, I'm not too familiar with the Columbus market but I do have 9 doors across Detroit and Memphis. Happy to connect and knowledge share if you are interested.

Hi Jordan, happy to help you answer any questions based on my experience. I'm a midwest investor with 9 doors across Detroit and Memphis. Would be happy to connect and knowledge share.

Hi Lee, I’ve been investing in Memphis and Detroit the past few years (scaled to 9 doors now) and I feel like both markets are good for landlords and also great markets to continue to build your portfolio. Happy to connect and knowledge share. 

I’m based in the Seattle area so I’m going through similar issues where my area is way too pricey for me to invest. I’ve been investing in Memphis and Detroit where it’s much more affordable and appreciation is still strong. Happy to connect and knowledge share as well. 

I’ve been investing in Memphis and Detroit for the past few years and getting both cash flow and appreciation. I’ve scaled to 9 doors across those markets and so far so good. Happy to connect and knowledge if you are interested. 

Hi James, not sure what markets you are interested in, but if you are interested in Memphis or Detroit (where I have 9 doors), I would be happy to connect and knowledge share.