New Investor Metro Detroit - currently on Visa

[Daniel Wuerdinger]

Hey BP-community!

My name is Daniel and I am currently working in the Detroit Metro area on a Visa (E1). I am slaving away my life as an Application Engineer for a German automotive supplier. I strongly believe, that I found real estate investing as my way to financial freedom and I'm hoping to quit my day-job within 5 years (or hopefully less) from now. 

I moved to the US in April 2016 and I see huge opportunities on the real estate investment side here in Detroit and the US in general. The market here is much different from my home back in Germany where it is extremely hard to make money from real estate. I found that the overwhelming majority of investments does not even break even, in addition to having a huge tax burden... 

I've been living in rentals for the past 3.5 years here and I am finally sick of paying into someone else's pocket. So I did my research and now I am currently closing on my first single family home - first to live in it with my girlfriend, but possibly use it as a rental later on (should cash flow ~$200).

I make pretty good money during my day-job so I am already planning on buying the next property during the first half of 2020. Ideally a 4-plex, later on scale with the help of larger apartment buildings.

I'd be very happy to meet more seasoned or aspiring investors and I am also very interested in finding local meet-ups so that I can grow my network here in Detroit. Feel free to reach out!

All the best,

Daniel