All Forum Posts by: Al Bazzy

Hi Rachel. I have some recommendations for you if you are needing a painting contractor, flooring contractor and a roofer.

In terms of house hacking, I prefer turnkey. Being able to live rent reduced, net 0 or potentially cash flow positive is appealing to me so that I can focus on other things. The cost of stabilization will be higher, but the benefits will be greater. For some, stabilizing a property and learning the rental path can be difficult in tandem, so for house hackers I say go turnkey. Turnkey also works for investors that are absentees if their goal is to park money/defer on taxes. It just depends on your strategy.

The U.S. real estate market seems unstoppable as home prices across the country continue to rise. But basing on the recent data, is it safe to say that we are entering a buyer's market this year?

When the market is unpredictable like it has been for the past 12 months or so, predicting demand is difficult. And there are several factors to consider, the high cost of living caused by high inflation rates and high interest rates and other more.

"If you're thinking about selling your home, this is absolutely the time to do it," a licensed real estate agent mentioned. Despite the high mortgage interest rates, he believes now, and most of 2024, will still be a sellers' market.

Sellers continue to dominate today's market due to tight inventory. Since there are fewer homes available than buyers, each home for sale becomes a hot commodity rather than being a good value. This year appears to be a seller's market unless inventory rises significantly.
Do you agree with this?

Detroit would be the best market for now. 
Detroit stood out as an unexpected frontrunner, registering the highest year-over-year home price growth among the metro areas analyzed in the report and surpassing Miami for the first time in 16 months.

Detroit has transformed into a metro area, gaining popularity as an affordable destination for higher-tier housing. Overcoming its previous reputation as a city in decline, Detroit is now attracting individuals with larger budgets because their money can stretch a bit further in the city. The historic neighborhoods in Detroit offer attractive housing options that, while expensive for the area, are considered well-priced for the available features and quality.

Real estate investors venturing into a city like Detroit must be discerning in their property choices. The higher-income individuals identified by CoreLogic seek properties that are above average and provide value for their money. So, while the challenge of affordability persists, it takes on a slightly different nuance in a sizable metro area where discerning buyers are looking for quality and value in their investments.

For urban investors, it’s advisable to seek homes that go beyond being simply inexpensive. Concentrate on properties with the potential to stand out significantly after a renovation. Conversely, if you’re investing outside a major city, prioritizing value for money becomes crucial, so aim to provide buyers with the most competitive price first and foremost.

 We would love to catch up with you. Please shoot me a text a couple days before arriving and I will arrange something for us. look forward to hearing more about your PM operation. 

313-717-8808

Good mate, how you been? Mike and I actually brought up your name recently and wanted to reach out. How has the market been treating you? Do you only do SFR turnkey, or do you offer another model now?

Hi George, my name is Al Bazzy, I am broker in Metro Detroit and have been apart of 500+ fix n flips in and out of Detroit.

During this journey, one of the things I enjoy doing most is educating investors about our territory and give an insiders look of our operations on how we do things.

would love to connect with you and tell you more. message me or call me at 313-717-8808

Hi Steven, 
I just reactivated my BP account, I wanted to reach out and let you know that I am a turnkey Developer here in Metro Detroit, I specialize in single family. Are you interested in connecting about this?

Hi Marcel,

Not to sound bias lol, but have you looked into the Detroit market yet?  Many investors have kept this market a secret to themselves while others still think it maybe a warzone. The reality is, 
in ANY major metropolitan city in the country, you can find good and bad areas, and Detroit is no different. But, Detroit still has excellent cash flowing opportunities for investors as well appreciation growth for fraction of the cost vs other markets. Properties are still meeting the "1%" rule and are very affordable too.

@Elizabeth Goff

Disclaimer: THIS PROPERTY WAS NOT PURCHASED THROUGH STRATEGY PROPERTIES

Sorry your experience was not positive but this is why advise all of our investors it’s important you work with an experienced turnkey provider like ourselves and not try to do it on your own.

Strategy Properties prides itself on client tours which you had the opportunity to experience first hand, hence the reason you came back for a private tour with me to visit many areas and neighborhoods. During our tour, many emails and calls, I was under the impression you were looking to purchase a turnkey property and then was informed by surprised that you had already purchased an unrenovated property from a 3rd party.

Sometimes investors think that it as simple as locating the property and renovating it, but there is a lot more to it, such as:

1. Buying in the right location (many investors get this part wrong, leave this to the local experts, as this is a service provided by turnkey providers).

2. Hiring the right trades and crews and also managing these subs (this is very difficult as renovations is the universal, hardest part of flipping and/or turnkey rental properties, as you have to understand not only to put the renovation, price under contract and getting the work done to proper code and aesthetically pleasing).

In return, this causes the investor to pay more than what they would of paid for a turnkey property from a turnkey provider. 

Our construction manager was unable to grant all the demands, unrealistic requests and change orders made by @Elizabeth Goff. We did everything we could trying to protect you but adding $20k in change orders tells me this was not a good purchase.

Our company prides itself on integrity, honest and hard work. We also pride ourselves on our reputation for acting fairly and ethically whomever we do business with.

We wish you the best and if there is something we can help you with, please let us know.