All Forum Posts by: Travis Biziorek

 Absolutely, feel free to reach out via DM and I can send you some resources.

Hi Jesus, I have a ton of first-hand experience investing in Detroit. I own 12-doors there... 2 duplexes and 8 single family homes.

Happy to share some resources I've compiled if you want to reach out.

Hey Ben, I'm big on Detroit for many reasons. Happy to share resources on that if you want to dive deeper... but I'll focus on your question here in a broader sense.

I've been meaning to do a video on this but the easiest way I've found to get familiar with a market's nuance is this:

1) Start with the median home price of the market you're looking at (e.g. Detroit is ~$76,000 today)

2) Pull up your market on Zillow and plug the median price in as the floor/minimum price.

3) Sort all listings by highest price to lowest price. 

4) Look for clustering... these tend to be your nicer, more desirable A and B class areas.

5) Now sort the list from low price to high... these tend to be your C/C+ areas.

If you're like most investors that are interested in these markets you're looking for cash flow plus potential appreciation upside.

That means you're likely looking for those C/C+ locations that are in very close proximity to the A/B clusters we identified above.

There are obviously many caveats to this approach and other factors to consider when evaluating deals in this manner. But I've helped hundreds of people invest out of state and this is the best method I've come up with to start really sizing up a market from afar.

Hope that helps!

Hey Yannik, a couple things jump out at me on this deal.

First, it doesn't appear you're earmarking enough for repairs/maintenance/capex. You have 5% dedicated to that and I just don't see that being enough when you consider capex items.

Speaking of capex, that home may not NEED a roof today (although it wouldn't hurt), but I imagine you only have a handful of years left with the existing roof.

Have you budgeted for that already in your $30,000 estimated repair costs?

Hey Anthony,

I completely get your desire for cash flow AND some appreciation. That’s exactly why I’ve been so bullish on Detroit for the last few years.

Detroit offers a unique combination of cash flow potential and long-term appreciation, especially in areas that are undergoing revitalization. The city is still very affordable, and you can find deals that hit strong cash flow numbers, especially if you're using the BRRRR method to rehab and refinance. While the city is going through a resurgence, you're still able to buy properties for 30-50% of the cost you'd see in markets like San Diego or even other cities in the Midwest.

As for finding deals, you're going to want to focus on sourcing off-market opportunities. That's what I've done to grow my own 12-door portfolio. It's tough to compete in the MLS here, but with the right approach (and team), there are deals to be found. As far as contractors, I'd recommend doing your homework, but I work with some great teams who help me handle rehab work and ongoing management of my properties.

I have plenty of resources about investing in Detroit and my experiences, which I’d be happy to share if you’re interested in learning more. It’s definitely a market that requires a bit more legwork compared to places like Tennessee or Ohio, but it can pay off big time if you understand the nuances.

Happy to chat further if you want to dig deeper into what I’ve been doing in Detroit!

Best,

Travis

Was hoping to see you post this, Joseph. Glad to see this one finally wrap up for you.

And hey, $20k is $20k... not bad for pulling it all off while being remote. Congrats!

Hey Mark,

I spent some early childhood years in Ada, and my Dad grew up in Grand Rapids, so I’m familiar with the area. It’s definitely gotten hot lately, and I get what you mean about the prices in SW Michigan being a bit steep for cash flow.

If you’re serious about investing, I’d recommend taking a hard look at Detroit. 

It’s not too far from SW Michigan, so you’d still be close to the market, but property prices there are far more affordable. 

Detroit offers strong cash flow potential, especially if you’re strategic about where you invest. The market has its challenges, but with the right approach, it can make a lot of sense long term.

I've been investing in Detroit for 6 years and have built up a 12-door portfolio here, mostly using the BRRRR strategy. If you're interested, I have plenty of resources I'd be happy to share on the market, strategies, and what to expect when investing there.

Best,

Travis

Hey Natalia,

I can't speak for Cleveland specifically, but I'm still doing a lot of BRRRR deals in Detroit for out-of-state clients.

Detroit’s market has its ups and downs, but if you know where to focus and have a solid team in place, it can be a great place for cash flow and equity growth. The key is getting in on the right properties—mostly off-market deals that need work to unlock their value.

I’ve been investing in Detroit for 6 years and have a 12-door portfolio under my belt. Overall, it's been a hugely positive experience for me but it's not without its challenges.

If you're interested in the Detroit market at all feel free to reach out!

Mark, if you live in Michigan there is zero reason to invest out of state.

Michigan is a treasure trove of awesome markets. I particularly like Detroit and have 12-doors there myself.

So not only do you have a ton of opportunity, but you're local to it. You can't beat that!

Hey Hardik,

Welcome to the journey! I'm based in California now, but I built a 12-door portfolio in Detroit using the BRRRR strategy and have been investing in the city for about 6 years.

Detroit can definitely be a great market for out-of-state investors, especially when it comes to cash flow. The city is on the upswing, and while it's not without challenges, there's a lot of potential for those willing to dig in and really understand the market. In my experience, the BRRRR strategy works well here, particularly if you're focused on finding undervalued properties, doing some rehab, and refinancing.

The big thing with Detroit, though, is that it’s a more hands-on market compared to other places. If you’re planning to invest remotely, you’ll want to have a reliable team in place to help with sourcing deals, managing renovations, and handling property management.

That said, if you’re serious about Detroit, there are great opportunities, but just make sure you understand the nuances of the market. If you want to dive deeper into my experience or learn more, I’ve written extensively about my journey and lessons learned in the Detroit market. Happy to share!