All Forum Posts by: Marisa R.

Its all about the numbers, if they stack up it could be a goer.

What would you make once rehabbed in terms of profit?

What is cash flow if you hold and rent ??

I would also be interested in know what market conditions are like in this area/neighborhood, are prices rising ???

This can happen, but you really need to compare apples with apples.

Look at the comps in the neighborhood. Then review and work out whether it is still a good deal.

I would not necessarily not buy, but I would need to do the research on what sold, same product firsts

@Richard Sherman  

I have 11 properties to date, some more expensive that I will be flipping, I am continuing to buy.

These are all cash buys

@Richard Sherman

Thanks Richard, agreed.

I have a varied price range in my portfolio. 

These cheapies help me with my cash flow and allow me to create income streams.

At the end of the day its not just about bricks you cant live off this, you need cash flow.

Hi All

Its interesting, I have not been posting on this forum for very long, however I have noticed there is a perception that cheap/lower end price points (properties) equates to buying in war zones.   But is this really true? 

I am sure in some cases this could be correct.

 At the moment I have been targeting what I consider good bread and butter neighbourhoods that represent good value, where the numbers stack up, cash flowing, and where there is some upside. 

By this I am seeing the market tightening and buyers are jumping in which is driving up the demand. 

What does this mean for us.... BOOM

The idea for me is to hold cash cows for income and appreciation

Here is a recent buy, and the numbers...… zip code 48203

Purchase Price - 30,500

Rehab - $8900

Rent - $ 950 pm

Insurance - $50 pm

Property management - $95 pm

County taxes - $100 pm

Maintenance - $50 pm

19.94 net income

@Ken Breeze

I think another key to successful investing is persistence...... its not always going to be smooth sailing, and you need to be able to overcome this and push forward.

Finding rising markets, no one has a crystal ball, however many may jump in prior to the market actually rising, this is higher risk. My philosophy is to buy when it starts rising, takes the risk out of it

@Marcus Auerbach

Hi Macus

Why am I in Detroit ?? basically because I am seeing this market rising, however caveat on this,..... you need to buy in the right neighborhoods. 

I am really trying to repeat what I did in Atlanta which is buy low, hold for cash flow and appreciation is a bonus. 

In saying this from all the research I have conducted there is plenty of evidence to indicate Detroit is on the rise, market and business sentiment is positive. We are now seeing big business injecting huge $ into this market. 

Detroit will always have a stigma, but those who can see the opportunities and rise above this will make money.  This is typical of the investing world I guess.... as they say  "Fortune favors the Bold"

Happy investing everyone

So its not too late...…

https://rebusinessonline.com/its-not-too-late-to-invest-in-detroit-say-entrepreneurs-dan-gilbert-chris-ilitch/

Hi All

I am absolutely no expert, but the way I  gauge it is pretty simple, I start looking at pent up demand and if there is not enough stock to meet this demand ..... its probably a winner.

Then it comes down to looking at some statistics, what is selling, who is buying, what is the average days for selling a property. 

Then I talk to many realtors, people on the ground to find out exactly what is happening, are they getting multiple offers, what is happening a particular State/neighborhood, what is driving this market,  why is it rising 

At the moment I am jumping into the Detroit market, B grade neighborhoods, I am loading up as I see this market is starting to move in the right direction.

I will tell you in 12 months time  how I go, in the mean time I will also post my deals

@Lindsay Stewart

I am also originally from down under.... Nice to see fellow Aussies investing in USA.

Where in Melbourne??? 

Thanks for the comments. I think Bagley is a safe bet for flipping as end values are moving.

How are you enjoying the Detroit market.