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Updated 8 months ago,
Planning to start investing in Detroit - any one use Upside investments?
Hello BP community,
My family is evaluating a cash-flow market to get into - and we are close to finalizing on Detroit for various reasons (entry point, >1% RTP, strategic investments in parts of the city, ...)
Based on conversations in my local REI meetups, this will be our first time experimenting with BRRRR's in Detroit with the intent to hold onto the properties long-term. Plan is to buy SFH & Duplexes and start out small and scale quickly once we figure out the market. We have done a lot of reading here about Class-C properties and the risks that come with it, but haven't experienced it first-hand.
We have full-time W-2 jobs and cannot be local in the area and need a trusted team on the ground. Has anyone here worked with Upside investments (https://www.investinupside.com/about.html) - Nader Shariff team? It looks like they promise a hands-off approach (sourcing, rehab management, property management) but wanted to see any experiences here in the BP community.
Besides that, I understand there is no crystal ball, but for Detroit investing - what's stopping Detroit from going back to 2008 pricing in the future?