All Forum Posts by: Jamiel Strickland
Jamiel Strickland has started 7 posts and replied 365 times.
Post: 2014 vs 2017 rents. Detroit ranks #1 with biggest increase.

- Rental Property Investor
- Detroit, MI
- Posts 379
- Votes 242
Correct! West Village is one of the places where it is not considered downtown and has built their community up.
Post: Macomb County, MI questions

- Rental Property Investor
- Detroit, MI
- Posts 379
- Votes 242
Warren is an area where cash flow is pretty solid, I like that area as well. The population in Macomb County may not be increasing at a fast rate but it is a county where its pretty stable.
Post: Need EMD before wholesaler will share address??

- Rental Property Investor
- Detroit, MI
- Posts 379
- Votes 242
I wholesale in Detroit and when I have a home under contract I send to my buyers/investors with ADDRESS, PRICE, 100 PICTURES INSIDE AND OUT THE HOME, AND A SMALL DESCRIPTION OF THE HOME. We do not ask for EMD until after you have physically walked the property yourself or have your personnel ( inspector, realtor, contractor, business partner, family member) do so. We only ask to show proof of funds before but not a deposit.
Sorry to make everything bold lol, its wholesalers who make other wholesalers look bad. My team and I base our wholesale business off clarity and transparency so when I see wholesalers in Detroit doing things that can come off "shady" makes me very upset.
Post: New Investor, Detroit Mixed Use

- Rental Property Investor
- Detroit, MI
- Posts 379
- Votes 242
House Hack! That is the way, I am doing it too but you're doing it with a storefront that is really cool.
Post: Beginning on my road to Generational Wealth

- Rental Property Investor
- Detroit, MI
- Posts 379
- Votes 242
I am house hacking in Dearborn, you really need two people which is a banker and realtor (I can help if you need recommendations). What people get wrong is they call up a realtor or banker start talking about investing. Please do not do that, when you speak to them make it very simple "I am looking to buy a 2-4 family home on an FHA loan can you help" They may respond saying "is this for your own use or investing". Just say back " I am looking to live in the home when we close, then down the line would rent out or maybe move someone in during but my main purpose is to live in that home." Try not to speak on house hacking most of the people do not know that term then get confused.
Here is my blog about house hacking:
Post: New Investor, Detroit Mixed Use

- Rental Property Investor
- Detroit, MI
- Posts 379
- Votes 242
Hey @Rick Michaels,
That is the way to start off! How you get the financing? You took action and that is the way to do it, you are going to start crushing it!
Post: Beginning on my road to Generational Wealth

- Rental Property Investor
- Detroit, MI
- Posts 379
- Votes 242
Looking to house hack a Duplex or just simply buy a single-family rental? Go call up many lenders that are recommended by BP members from Detroit and explain what you're looking for they may have different loan programs that fit what you need ( HELOC, Traditional financing, Personal loan then Refi pay off all liens).
Post: Orrville, OH Moving Near Detroit, MI -- New Investor! Joe H

- Rental Property Investor
- Detroit, MI
- Posts 379
- Votes 242
The way you danced around that question was of beauty, I guess I can help out now lol. No, but seriously, I own rentals in Detroit and Metro Detroit. I help out of state investors learn the market here, help them grow a team, and provide properties (wholesale). You are doing things right already by being active on BiggerPockets.
Post: Do you think this is a good deal?

- Rental Property Investor
- Detroit, MI
- Posts 379
- Votes 242
I would run it at $550 because if the tenant moves out and you don't find any other section 8 tenants more than like have to rent for $550. Best to run numbers as conservative as possible. I would ask locals about the are as well.
Post: Has anyone bought rentals in Detroit Michigan?

- Rental Property Investor
- Detroit, MI
- Posts 379
- Votes 242
I own in Detroit and outskirts of the city, we have very high cash flow but low on the equity side. If you looking to BRRR maybe not the first place to choose but if your looking for jumbo cash flow this is the place to be.