All Forum Posts by: Markos Gerges

@Luca R. I will message you the contractor we use, guy is priced good, licensed, and will explain all your options.

I'm kind of curious to know your criteria for identifying good neighborhoods in Detroit? Although I invest in the suburbs I've been considering getting into the city but I'm not sure whats a good neighborhood other than by looking at vacancies, recent sales and other public information. 

Hi Samkied,

In the prospective of another 23 year old, it depends on your current financial situation. I graduated when I was 21 and had worked throughout college to not have any debt and get into real estate the second I graduated. From then I bought a few properties using all cash (distressed properties in B/C areas), I am also in a really good investing market near where I live in Michigan which makes everything quite convenient. Foreclosure is tricky with all the laws that come into play regarding the state you want to purchase in. Financing at our age is extremely difficulty especially if the usage is for investing in real estate! My credit score is extremely high, I have a high-paying job, no debt and I've been rejected over 13 times due to lack of "credit" history or some other ridiculous reason. Then again I only used institutions in Michigan and did not look for funding from outside of state. 

-Get cash (No job won't really cut it too well no offense)

-Focus all your research into one area which you've identified is a good investment area

-Network leveraging your real estate agent expertise to make connections i.e wholesalers

Good luck!