All Forum Posts by: Marisa R.

I have posted some of my SFH purchases in Detroit over last 12 months, check out the numbers and quality

Something like this for lower end. But not sure how long they will last at this price point

$35,000

$800 rent

Various price points dependent on risk appetite. I am doing cash flow and appreciation, so some at higher price point

If keen to learn, read my post on

‘Detroit the comeback kid’

Atlanta been hot for some time now

Seems inventory is steadily increasing, this may see the market change

However, Clayton County is still achieving double digit growth, lower entry point attracting first home buyers

Anyone have any feedback on this market

 Not sure if its speculative ???if an area is already appreciating and cashflowing. 

I actually think flipping is probably going to be high risk for me unless I hold for a few years then offload. Also lots of investors doing this in Detroit

There are risk involved for sure, I am trying to mitigate this. Its a learning curve

On the flip side I had 5 tenants not renew their leases to date this year, this is in Atlanta. This has just killed my cashflow...damn

At the end of the day property investing has risks regardless. Give me another 12 months and I will update you on the progress

if you are buying in a secondary location you need to know that when you sell it will impact on your selling price and also limit your market as there will be buyers that not buy in inferior locations, due to noise etc. In other words you will probably need to sell at a discount

Personally, I would not buy in an inferior location. Just my opinion.... caveat of course I have not viewed the property.

Just curious anyone looked at Montgomery?  Lower entry point

Can never under estimate the power of networking. Find out where investor meet ups are in your area and this could be a good start. Network with successful investors and piggyback, don't reinvent the wheel.

BTW, congrats, you are starting young...

My criteria is pretty basic, watch out for the neighbourhoods that are gentrifying where pries are actually rising or starting to rise

Median of the area, via zip

Owner occupier vs rentals

Streetscape

The idea is to try to purchase where an area is transforming from a C to a B class, and add value to the property.

So inventory has tightened, which can only mean one think....prices rising, as per this article on the right

https://www.crainsdetroit.com/real-estate/metro-detroit-home-sales-new-year-same-trends

Yes all SFH as holds for rent

But I started in 2011 in Atlanta on the cusp of a rise and used cash only

I sold a few and used 1031 and continued playing in cashflowing markets. 

Though I have flipped a few properties along the way its not my main strategy.

I have only rehabbed one multi, fourplex that I wish I never sold. I needed the capital at the time

Have just completed a 5 townhome development, but this strategy takes a long time from beginning to end so wont be my main focus in future

My main strategy was really just timing markets and buying SFH when it rises, plenty of these over the last 6 years

I am at $17,000 per month now and currently trying to grow this

baby steps