hello !!! from seattle

[Sri Kand]

I am srini from seattle(bellevue/redmond) and work in the software area. I have a day job, but do have a lots of positive cash flow at home. I am very active on the stock market, have some exposure to commercial real estate through a good friend of mine where I invest in buying properties. 

I would like to get into residential RE for income and appreciation, but more for income. Seattle market is way too hot and the price to rent is way out of whack. Want to get into places and properties where it is more reasonable and I can get about 10% return on my capital and small YoY appreciation is good. I think markets like Detroit/Dallas/San Antonia 

I am newbie to this kind of investing and also need some local experts to help me. I can partner with others or get into a group buy too, but can work with some wholesaler for some recommendations and guidance.  

[Emilio Basa]

Hi @Sri Kand  yes you are correct. Detroit is definitely coming up and fast! However Detroit is an extremely large city (size, not population). It's about 140 sq miles. Boston, San Francisco and Manhattan combined are approx 120 sq Miles. I did some geeky internet searching for that fact :)

It's hot in some places, but definitely a lot of war zones. It's zip code by zip code and then within those zip codes it's street by street. Some neighborhoods have a great community as well which adds to the value