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Updated 29 days ago,
Happy to be here
Hello! My name is Aaron Raffaelli, and I am a brand-new investor from metro Detroit. A couple of weeks ago, I came across an awesome off-market deal on a hundred-year-old house a few weeks ago and thought all I had to do was renovate it and I would have myself a nice little home to live in long term. Little did I know I was going to stumble across some books mentioning bigger pockets, start listening to their podcast, and make a post saying this house is now going to be a fix and flip! The cash I make from this is going to fund the first of many house hacks, BRRRs, mid-term rentals, and whatever other markets I find myself in. Thanks everyone for being right here with me on this journey!
Welcome! Sounds like you are on the right track and at the right place here.
- Real Estate Broker
- Cody, WY
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There are some resources available for flippers. I recommend educating yourself as best you can to avoid some common mistakes. Also, have a back-up plan in case the market turns and you can't sell for the price you anticipated.
- Nathan Gesner
Quote from @Ben Trageser:
Welcome! Sounds like you are on the right track and at the right place here.
Thank you!
Quote from @Nathan Gesner:
There are some resources available for flippers. I recommend educating yourself as best you can to avoid some common mistakes. Also, have a back-up plan in case the market turns and you can't sell for the price you anticipated.
I will remember this, thank you!
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
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#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- USA
That's awesome, welcome to BP Aaron!
Quote from @River Sava:
That's awesome, welcome to BP Aaron!
Thank you! Judging by your BRRR contributed award, I'm sure im going to see you quite a bit more as i progress
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- USA
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- Votes |
- 1,865
- Posts
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
- Lender
- USA
Quote from @Aaron Raffaelli:
Quote from @River Sava:
That's awesome, welcome to BP Aaron!
Thank you! Judging by your BRRR contributed award, I'm sure im going to see you quite a bit more as i progress
Sounds great! I'll send you a dm to connect
Hey Aaron - that's so exciting and love that you're pursuing the fix and flip strategy. This is only the beginning - many more investments to come! Best of luck on the renos for this Detroit property!
Quote from @Savannah Holzer:
Hey Aaron - that's so exciting and love that you're pursuing the fix and flip strategy. This is only the beginning - many more investments to come! Best of luck on the renos for this Detroit property!
Thank you! Just out of curiosity, do you and River Sava work for BP?
#2 New Member Introductions Contributor
- Specialist
- West Palm Beach, FL
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#2 New Member Introductions Contributor
- Specialist
- West Palm Beach, FL
Welcome to BiggerPockets, Aaron!
#2 Out of State Investing Contributor
- Property Manager
- Royal Oak, MI
- 5,097
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#2 Out of State Investing Contributor
- Property Manager
- Royal Oak, MI
@Aaron Raffaelli we're also in Detroit area, so let us know if you need help with anything.
- Drew Sygit
- [email protected]
- 248-209-6824
Quote from @Drew Sygit:
@Aaron Raffaelli we're also in Detroit area, so let us know if you need help with anything.
Quick question,
As a PM specialist around Detroit, what city/area would you recommend a brand new investor start out in. I want to do section 8 detroit, but i feel like i have to start out with something less risky to build a base. thank you
Quote from @Drew Sygit:
@Aaron Raffaelli we're also in Detroit area, so let us know if you need help with anything.
I just a saw your post from yesterday talking to someone about the Classes you can expect around detroit, and that did help me get a better understanding, but it did bring a new question to mind.
Is there any way to easily find out what areas around detroit are what class? Obviously areas like bloomfield hills are class A and most of detroit is class D, but how do I go about finding what to expect in other areas. So I just look up what rents are and figure the more rent the higher class? If so, what rent ranges are what class? Thank you for your help,
Aaron Raffaelli
#2 Out of State Investing Contributor
- Property Manager
- Royal Oak, MI
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#2 Out of State Investing Contributor
- Property Manager
- Royal Oak, MI
@Aaron Raffaelli we call all the cities that touch Detroit, the Ring Cities - except the Grosse Pts.
These cities are mostly Class B and are solid rentals.
Detroit overall has gentrified to Class C, but at least a third of the city is Class D still.
Check out the interactive map on our website and watch for whats coming...
- Drew Sygit
- [email protected]
- 248-209-6824
Quote from @Drew Sygit:
@Aaron Raffaelli we call all the cities that touch Detroit, the Ring Cities - except the Grosse Pts.
These cities are mostly Class B and are solid rentals.
Detroit overall has gentrified to Class C, but at least a third of the city is Class D still.
Check out the interactive map on our website and watch for whats coming...
Thanks so much for the reply and info! I will check it out :)
#4 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
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#4 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Quote from @Aaron Raffaelli:
Hello! My name is Aaron Raffaelli, and I am a brand-new investor from metro Detroit. A couple of weeks ago, I came across an awesome off-market deal on a hundred-year-old house a few weeks ago and thought all I had to do was renovate it and I would have myself a nice little home to live in long term. Little did I know I was going to stumble across some books mentioning bigger pockets, start listening to their podcast, and make a post saying this house is now going to be a fix and flip! The cash I make from this is going to fund the first of many house hacks, BRRRs, mid-term rentals, and whatever other markets I find myself in. Thanks everyone for being right here with me on this journey!
Holla