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All Forum Posts by: Damian Callaghan

Damian Callaghan has started 3 posts and replied 11 times.

Starting Out

Post: Anyone doing or wanting to do out of state investing?

Damian Callaghan
Posted
  • Posts 11
  • Votes 7
Quote from @Travis Biziorek:

Hey Slim, I moved to Detroit from California in 2017. In 2019 I started building my rental portfolio with the goal of creating enough cashflow to move BACK to California. I managed to do it in ~2.5 years and now have 14-doors in Detroit. I'm back in CA now and loving it. If you or anyone is looking to get into the Detroit market I can help. My buddy runs a turnkey operation on the ground there and I have a great network.


 Hey Slim - I have been hunting a number of markets but struggling to find any that cashflow due to investor deposits (25%) and interest rates and then low buy to rent ratio's... I have been looking at NC, Jacksonville. I use quick math (0.86% of purchase price rather than the full 1% rule) but also do detailed analysis - I am obviously doing something wrong somewhere - welcome any guidance. I want to buy 2-3 properties in H1 

0 Votes