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All Forum Posts by: Alex K.

Alex K. has started 6 posts and replied 253 times.

Post: Should I invest in Detroit??

Alex K.
Posted
  • Specialist
  • Southeast Michigan
  • Posts 294
  • Votes 243
Originally posted by @Ralph Lauren:

@Alex K. Hey I love the idea of setting up a building to be a smoke lounge..how couid we get that into motion?

 A social/ recreational club Is what’s ideal....  For Labeling it a “smoke lounge” there will be a ton of obstacles that would cost a pretty penny and bring a ton of regulations with it. 

Since it’s legal for recreational use many companies or groups have been selling tee shirts that come with a “Free Gift” which is a bag of weed and depending on your t shirt price determines the quantity/ quality.   In fact the local news has even promoted these businesses and entrepreneurs. A Licensed Medical Dispensary is also a great and upcoming business which is actually worth paying the obstacles and regulations and setting up shop. 

Depending on how much time and effort is devoted to it along with the setup will determine how active or passive it will be. 

Post: Joy-Schaefer/Aviation suburbs of Detroit - should I invest?

Alex K.
Posted
  • Specialist
  • Southeast Michigan
  • Posts 294
  • Votes 243
Originally posted by @Larry Zarou:

Hoping for some help... I am a newbie when it comes to long-distance real estate investing and was looking at a property in the Joy-Schaefer/Aviation suburbs of Detroit. I did look at the crime stats and the area is certainly not clean. I was wondering if those of you that are familiar with the area can advise... provide your thoughts on the area. Should I stay away? Is this a high-risk area? I would appreciate any information you would have.
 

thank you!!!

Larry

North of tireman, south of joy, west of evergreen and east of Schaefer, preferably stay In between Oakman blvd and evergreen. Much better than it once was a while ago. These blocks have done a complete 180 from what they were once were and crime rate is much lower because it borders Dearborn and Dearborn police are patrolling tireman all day so many of the trouble makers completely avoid the area. 

Post: Long Distance Investing in Detroit

Alex K.
Posted
  • Specialist
  • Southeast Michigan
  • Posts 294
  • Votes 243
Originally posted by @Travis Biziorek:
Originally posted by @Elliott Wolf:

@Travis Biziorek

Yes Detroit. Looks like a very hands on market with a lot of risk for someone that's brand new. Definitely appreciate your insights Travis. 

Are there any suburbs you would recommend just outside of Detroit? thanks

I can’t speak to the suburbs because I don’t invest there. But there’s plenty of folks on BP that do. Most suburbs have come back strong over the last few years and it’s getting increasingly difficult to find deals.

I only invest in Detroit proper. 

You think the residents will fill out the census this year ?  

Post: Long Distance Investing in Detroit

Alex K.
Posted
  • Specialist
  • Southeast Michigan
  • Posts 294
  • Votes 243
  • Originally posted by @Elliott Wolf:

    @Travis Biziorek

    Yes Detroit. Looks like a very hands on market with a lot of risk for someone that's brand new. Definitely appreciate your insights Travis. 

    Are there any suburbs you would recommend just outside of Detroit? thanks

 Lincoln park mi 

Taylor mi 

Southgate 

Redford 

Warren 

East pointe 

Southfield 

Dearborn heights 

Romulus 

Wayne

Westland 

Livonia 

Trenton

Riverview 

Dearborn 

Allen park 

Wyandotte 

Flat rock 

New Boston 

Ypsilanti 

And many more outer skirts of Detroit where you can Cashflow and have less risk than Detroit. Remind you the prices will be a bit higher than Detroit but if you’re further away or OOS for proper Detroit I recommend Section 8 turnkey and tenanted and up-to compliance with the city and only select areas of Detroit or simply stick with the outer suburbs. 

Post: Should I invest in Detroit??

Alex K.
Posted
  • Specialist
  • Southeast Michigan
  • Posts 294
  • Votes 243
Originally posted by @Ralph Lauren:

@Salliece McCain I’m a 30 year old Detroit native currently living in the west coast. I want to invest in Detroit, but more so commercially

 There’s many areas commercial is in super high demand. We can also set up a building or unit to be compliant for a social club of some sort or medical marijuana dispensary and those rents are the highest and paid on time every time. Something to consider when looking for a commercial spot in Detroit. (green zone map) 

Post: Private Lender for Detroit

Alex K.
Posted
  • Specialist
  • Southeast Michigan
  • Posts 294
  • Votes 243
Originally posted by @JoAnne Veverica:

Looking for private lenders to refer to a VIP client with solid RE portfolio in the Detroit area. Thank you!

Hey I'll be happy to help. I have a couple of lenders that will fund 70% LTV and are pretty quick turnaround for closing. They also do loans without a PG or co-sign and it's strictly business and asset based.

Post: What Markets Are the Best & Worst Positioned For Coronavirus?

Alex K.
Posted
  • Specialist
  • Southeast Michigan
  • Posts 294
  • Votes 243

I can only speak for my Market which is Detroit and the surrounding suburbs in Michigan. 

Detroit Michigan will rise and shine once again! 

Known as democracy of Arms in ww2 (educate yourself why they received that name) 

Number 1 for Manufacturing in USA 


Infrastructure of Detroit and even surrounding suburbs is built for manufacturing, trucking and import/export. 

Port of Detroit and Great Lakes! Fresh water in a hunger games society! 

Plenty of farm land and livestock in the state of Michigan. 

Take a close look at your bottled water and see where the water comes from. 

Prison industry is big business in Michigan with over 17 facilities and many of them are old naval and military bases which can easily be used for hospital facilities. (Beds) 


Michigan’s governor is already using prisoners and prison factories to produce masks and medical supplies

Michigan has produced over 1.25 billion barrels of oil and more than seven trillion feet of natural gas since the discovery of the Saginaw Field in August 1925. ...

Michigan has more than 14,000 producing wells of oil and natural gas. 

Michigan is the only state that has current oil and gas production from beneath the Great Lakes.

Michigan 
has a large amount coal mines and reserves for energy if needed. 

Detroit Salt mine industry, one of the oldest industries in Detroit before the automobile industry. 

Michigan has an abundance of Limestone, copper, And many other essential resources for production, manufacturing and development of societies. 

If production and manufacturing is brought back to The United States Of America 🇺🇸; Detroit and Michigan will be a winner! 

If we go to a hunger games society(hopefully not) Michigan will be a winner! 

Other markets that are highly inflated lacking natural and manufacturing resources will be in for a reality check and deflation at its finest!

    Post: Corona Virus Cases are getting worst! should I buy now or wait?

    Alex K.
    Posted
    • Specialist
    • Southeast Michigan
    • Posts 294
    • Votes 243
    Originally posted by @Brian Bradley:

    @Anne Williams go about ur ordinary business and crunch ur numbers.

    Just to put into perspective, Swine Flue, remember that? let me give you some statistics. “How many of you even remember the swine flu 2009, 2010? I don’t remember it. I don’t remember a thing about the swine flu. I went back and looked at the stats and I was stunned. Are you ready for this? The swine flu outbreak in this country in 2009 and 2010, 60 million Americans were infected. Do you remember that? Sixty million were infected. Dr. Siegel.

    Do you know how many people were hospitalized in 2009-2010 with the swine flu? Three hundred thousand were hospitalized. So 60 million people infected, 300,000 hospitalized.

    Sixty million Americans infected, 300,000 hospitalized. The numbers with the coronavirus are not even close. They are barely a fraction of a percentage compared to the swine flu.

    There wasn’t any media panic. No political weaponizing. We went through a much worse situation with the Swine flue. And then we also had Ebola. And that’s just 10 years ago, 300,000 hospitalized. So we overcame it. We overcame Ebola. This is gonna end, it’s gonna pass.

    we’re gonna rebound from this, and when we do, you had better get ready and hold on tight, because this market’s gonna rebound. The people who are selling right now and getting out of it are panicking, and they don’t want to be selling. Everybody’s doing this from a very defensive posture and point of view. this market is gonna rebound like you can’t believe because the people who have been selling off want to get back in it. And we are taking economic procedures right now that are going to serve to further reignite the economy when all this passes.

    don’t forget, ’cause I’m sure everybody has, swine flu outbreak 2009, 2010, right here, United States of America, 60 million Americans infected. you have to visualize this, 300,000 hospitalized. We’re nowhere near 300,000 hospitalized with coronavirus. I mean, we’re not even close to it. In fact, worldwide we don’t even have 300,000 cases, worldwide, of the coronavirus. Three hundred thousand hospitalized in the United States alone. You don’t even remember it.

    February 12th, 2010, archives, Reuters news: “Swine Flu Has Killed Up to 17,000 in U.S.” February 12th, 2010: “H1N1 Swine Flu Has Killed as Much as 17,000 Americans Including 1,800 Children – The U.S. Centers for Disease Control and Prevention reported on Friday the swine flu pandemic put as many people in the hospital as during the normal influenza season, but most were younger adults and children instead of the elderly.” And it was during the months when usually very little or no flu is circulating, the CDC said. “The CDC estimates that between 41 million and 84 million cases of the 2009 swine flu occurred between April 2009 and January 16th, 2010.” So it’s maybe more than 60 million, 84 million cases of swine flu.

    So the swine flu got the young, 84 million cases, 1,800 children dead, 300,000 total infected, 13,000 adults. That’s a February 12th, 2010, archives at Reuters. Seventeen thousand Americans dead. We don’t have 17,000 people dead worldwide from the coronavirus, folks. And you know what the recovery rate for the coronavirus is, according to the Johns Hopkins University website?

    Johns Hopkins University website shows that the recovery rate is — Sixty-five percent.

    “Can anybody tell me the number of coronavirus deaths in the United States?” (interruption) You looked it up, did you? You had to look it up because you didn’t know off the top of your head.

    The one thing missing in all of this panic-driven coronavirus news is what? The number of deaths in the United States!”

    About 60% of the death toll has happened in one place, and I don’t mean one city. I mean in one place in one city. Thirty-nine 39. Do you know that 26 of those 39 deaths have occurred in a nursing home in Seattle, Washington state? You take the 26 deaths out of the equation from the nursing home in Washington state and how many deaths are we talking about? 13! And yet we are reacting this way? We’re wrecking the United States economy! Yet go back. The swine flu: 18,000 people dead, 60 million infected, 300,000 hospitalized in 2009-2010.

     Well put! The only difference between then and now is the technology and media at fingertips of anyone and everyone. Not to mention the exploitation of all of it..... 

    Post: New Investor in the Metro Detroit area!

    Alex K.
    Posted
    • Specialist
    • Southeast Michigan
    • Posts 294
    • Votes 243
    Originally posted by @Elizabeth Zielinski:

    Hello!

    My name is Liz and I am new to the wild, wild world of Real Estate. I had a mentor introduce me to the industry in 2017, but life happened and made me out everything on hold until now! What I’m really interested in is buy and holds, both single and multi-family. I’m really new and could use advice as to how to find properties and the funding to grab them.

    I am a license insurance agent by trade but want to leave the rat race. However, feel free to ask any insurance questions!

    Looking forward to meeting you!

     Detroit is an animal of its own but can be VERY LUCRATIVE for the right investor! 
    I would look into surrounding areas as well like Taylor, Dearborn heights, Southfield, Redford, Lincoln park and several others. 

    Post: Best Cities in the Country for cashflow

    Alex K.
    Posted
    • Specialist
    • Southeast Michigan
    • Posts 294
    • Votes 243
    Originally posted by @Jordan Tinning:

    Hi All, 

    I live in Seattle and am looking for the best cities in the nation for houses and small multifamily units that are sub 100k and that have the best cashflow potential that are not complete ghettos or tear downs. I have been looking at St. Louis, MO Springfield, MO Gary, IN Memphis, TN to name a few. I really need the cheapest houses that i can find that aren't in gang ridden areas. I don't really care too much about appreciation at this point because my goal is to replace my 6 figure income with cashflow. 

     Detroit is a great market for this. If you purchase in the right areas (areas that will appraise) you will have great success. 
    The key is in the buy. You have to purchase at a price point where you have enough meat left on the bones in case if you wanted To refinance and this way you can pull all of your cash back out and repeat if you’re looking to build and add more. 

    Price points are low entry at  door and if you know people like me you can get deals at 60% of market value. 

    If you’re interested in ever coming out to the city to check it out and some properties be sure to reach out.