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All Forum Posts by: Damiete Horsfall

Damiete Horsfall has started 1 posts and replied 5 times.

New Member Introductions

Post: Real Estate Investor from Detroit!

Damiete HorsfallPosted
  • Posts 5
  • Votes 9
Quote from @Joe Hammel:

Welcome! We love it here!

Can point you in the right direction to all the resources you would need to build a team.

My Personal portfolio is here and it cash flows extremely well and is low maint.

Here are some of the types of properties that we find work the best...

Purchase: $80k-$130k

Rent: $1200-$1500

ROI: 10-14%

Cash flow: $250-$350/door

Appreciation: Double digit (for past 10 years, will gladly send data)

Location: C, B- (suburbs and certain markets)

We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, mortgage, Amazon fulfillment, and more jobs.

The bad reputation comes from OOS investors wanting $20k D market properties. We don’t buy those lol.


 Hi Joe! Thanks for this very informative post! These are very attractive numbers, and from the conversations I've been having, it makes sense. I'd be interested to know how sales are going in this market especially for C properties that are rehabbed into B+ properties. Let's talk more soon!

1 Vote
Detroit, Michigan
New Member Introductions

Post: Real Estate Investor from Detroit!

Damiete HorsfallPosted
  • Posts 5
  • Votes 9
Quote from @Drew Sygit:

@Damiete Horsfall been doing this for 25+ years. 

You should look into local RE investment groups: www.REIAofOaKland.com. www.MREIA.com, etc.


 Thanks for the recommendation Drew! As a matter of fact I am looking for reputable Property Managers such as yourself and I would love to connect with you. I actually gave Logical PM a call earlier today. I'll try again to see if I can reach you.

0 Votes
Detroit, Michigan
New Member Introductions

Post: Real Estate Investor from Detroit!

Damiete HorsfallPosted
  • Posts 5
  • Votes 9
Quote from @Shane O'Malley Firek:

Hey there!

Local Detroit agent here with Berkshire Hathaway: The Loft Warehouse. Sending you a connection invite.


Highly recommend: Metro Detroit Real Estate Investors Group on Facebook, a lot of good stuff going on in there and they have a monthly meet up.


 Thanks for the recommendation Shane! Berkshire Hathaway that's awesome! I've sent my request to the group so just awaiting approval now.

1 Vote
Detroit, Michigan
New Member Introductions

Post: Real Estate Investor from Detroit!

Damiete HorsfallPosted
  • Posts 5
  • Votes 9
Quote from @Nader Hachem:

Hey,

Welcome Damiete! I'm down here in Dearborn as well, working as an Engineer! Would love to connect on your experience in RE and plans to move forward. Sent an invitation to connect!


 Thank you Nader! We're connected now, let's do this!

0 Votes
Detroit, Michigan
New Member Introductions

Post: Real Estate Investor from Detroit!

Damiete HorsfallPosted
  • Posts 5
  • Votes 9

Hello BP Community! I am a real estate investor looking to increase activity in the Metro Detroit Area. I have lived in Ann Arbor, and Detroit and worked in Dearborn as a Professional Engineer. I would love to connect and network with my fellow RE Professionals so that we can hopefully make a difference together :-)

There is so much potential in the Metro Detroit Area and I am excited and looking forward to being a part of the renaissance!  

Let's connect!

7 Votes
Detroit, Michigan