All Forum Posts by: Oliver Martinez

Yes this strategy works great especially if the numbers don't work locally. There are a lot of investors doing this successfully in Ohio! 

You just need to pick your market and develop your core 4 team. The core 4 consists of a realtor, contractor, property manager, and a lender. Once you have this team in place, you should have the foundation to invest in any market confidently while not being there physically.

Hey John, happy to help if I can. I own 12-doors in Detroit and 3 of those are rented to section 8 tenants.

The best areas for S8 tend to be C Class neighborhoods. If you go into A/B Class the rents are going to be too high to justify doing section 8, meaning market rents are higher than Section 8 is able to pay.

If you go down to D Class areas you're going to attract terrible tenants and it will be a nightmare.

@Mario Rodriguez we have a lot of out-of-country and out-of-state clients investing in Detroit area.

If you can find the right team it goes well.

The challenge is finding that team, otherwise you'll get ripped off and lose most your money.

PM us for more info if interested.

Hi Mario,  Investing out of state is very doable. There are turnkey companies in the US that provide investors a completely renovated and tenanted property.  I am happy to direct you to the reputable companies. DM me and I will give you the scoop.  

Cheers!

Hey Mario, yes out-of-state investing can work well especially if you're in a high cost of living area.

I invest in Detroit and live in California. I know many others (and have helped other investors) do the same. 

It's definitely more challenging than investing locally. And it's going to take more work, especially if you decide to go it alone and try to build a team yourself. 

I’m a section 8 investor half of those items do not comply, difficult to evict?? Does that mean the city or government can’t pay you rent? Never heard of this never had this happen. Yearly inspections, great I do them 2-3 times a year it’s my property would like to see them and check on them. Have you driven a car and not do an oil change? Of course you don’t get payment until the application and process is complete and approved by the committee then you allow them access and that’s after they paid the SD. Difficult selling? Really? Hi investor, I have 10 vacant homes for sale would you like to give me a “low ball offer”??? Hi investor I have 10 fully leased section 8 tenants oh and btw here is my income statements and all the income from my section 8 properties showing the state of where ever you live depositing into my account, which on do you think you will be better off when time comes to sell??? 

 Hey Samson, I have several S8 properties in Detroit and I'm extremely open with my numbers and performance of those over the years.

Happy to share if you're interested (or anyone else).

Just bought a 4plex in Akron, OH for $115,000. It brings in $3300 a month in rent.

Detroit hands down!