Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago,

User Stats

12
Posts
1
Votes
Joe Silva
  • Investor
  • Detroit, MI
1
Votes |
12
Posts

Help! ( Atlanta, Houston or Orlando?)

Joe Silva
  • Investor
  • Detroit, MI
Posted
Hello everyone! I just discovered this app which I'm delighted and relieved. I'm first time inexperienced real estate investor. Here's my story: I didn't know anything about investing in real estate when a friend of mine told me about Detroit back in 2012. I came and felt in love with architecture and some neighborhoods, I just love historic houses. I wanted to be part of Detroit came back which I'm happy I did, property here at the time was very cheap so I bought two, cash. Once I realized how fast real estate was going up I sold my house in Miami and moved here last year, I knew it was going to be for a short period of time but the reason I moved was to be closer to my properties ( I had acquired a third) and manage the tenants cause doing it from FL was a nightmare. What happened lately here in Detroit as many of you know is that you don't find good properties in the good areas that can be flippable. ( you still can if you look harder) and the good contractors are already taken by the big investors. I'm not going into details on how many times I was taken advantage by many contractors ( replacing one after the other) , tenants, lawyers, and the money hungry city of Detroit. I know, I was out of state and inexperienced what did I expect? Overall I can't complaint that I lost money here yet, I just think it's time to move on. I'm ready to cash out and looking for another place I can invest. I want to be closer to a big airport ( my spouse job requires it) and want to flip and have some rental properties, in a landlord friendly, good rental market. We like Atlanta a lot but real estate still expensive, Houston /Dallas and Orlando are other options. Any advice about these places or somewhere warm would be greatly appreciated! Joe

Loading replies...