Experienced investor just starting out in Detroit

[Daniel Hoang]

Hi everyone,

Used to have another biggerpockets account but i don't remember the login, wasn't too active anyway.

I'm an experienced investor looking to test out the Detroit market.
My current market is Ohio and buy about 1 property a month to give you an idea. 28 properties owned, mix of mostly SFH, duplex and quads.

I have zero contacts in Detroit so I'm looking for a full-service property manager and also a realtor.

My acquisition process usually goes like this:
I find a deal that i'm interested in. Send pictures to my property manager for his opinion. He'll find time to walk the property and give me a rehab estimate at the same time to make it rent ready (Usually doing BRRRR, i don't flip).
I've been keeping his crews busy with 1 rehab a month currently, win-win for both of us. Pushing almost 2 property acquisitions a month now but I'm thinking of testing out some other markets such as Detroit or Kansas just to diversify a bit.

Basically I'm looking for a similar setup in Detroit.
For properties under contract, I need a property manager to get a rehab estimate. They should be able to supervise light to full rehabs + all the basic jobs that a property manager does. Could be a rehab/construction company too, but i'd still need a property manager. Also looking for an agent to help with on-market listings.

[Travis Biziorek]

Hey Daniel, I live in California but have 12-doors in Detroit and do a lot there with other investors. I also visit every 2-3 months.

It's an awesome market but definitely a bit tricky. The BRRRR strategy works great if you're able to source off-market deals.

That's what I've been doing there since 2019.