All Forum Posts by: Darius Kellar

@Travis Biziorek 

Travis Clearly doesn't read his own articles he references to others. All you do is type before you even read and before collecting reasonable thoughts.  SInce I've read that link many of times.  3/4 down the link you posted. It clearly states ...

• "Since 2014, Detroit has taken down 18,093 vacant buildings in neighborhoods across the city. If we keep this pace, we can remove 40,000 blighted structures in about eight years, instead of the 30 years it would have taken us at our previous rate."

If you do the math boy, there is roughly 22,000 structures that still needs to be removed if your referring to your link. 

SOMEONE NEEDS TO CHECK YOUR CREDIBILITY ROOKIE.

@Eve Oliver Regardless an animal on the property is a liability.  I would speak to your local humane society for animals to test the dogs level of aggressiveness and mange the situation from there.  The doctors there are credible enough to evaluate the pets mental state. 

@Jay Hinrichs I agree Jay, Detroit is whole different animal compared to Atlanta. One of the market tactics Iv'e seen poverty cities use, is by demolishing blighted and abandoned homes. Which results in a higher market demand for that location over time because there becomes limited housing. However, Detroit doesn't have enough money to even do that and they are thinking there is 40% more blighted homes than originally expected. 

@Kwaku Farkye I am predicting auburn hills hills will make a jump in the near future with home values. It is forecasted that OU will be a top producer for autonomous vehicles in the future. With that said I think this year the school will be one of the few testing the self driving shuttle bus on campus.  Directly across the street the rent for the condos are 1500 to 1700 a month. Which has doubled within the last 5 years. I made my move by purchasing a 2 bed condo unit for 50K  close by so I can catch the wave to. 

https://www.oakland.edu/Assets/Oakland/govrel/files-and-documents/Sept%202017%20Newsletter-1.pdf

@Bob Romano

I would not raise rent. unless the market has drastically changed to the point the market rent has increased substantially. I go for volume and rent consistency. I have several rentals and because I didn't jack rent up. I get my money every single month for all my rentals. In fact I only had 1 month vacancy in the last 2 years for 3 rentals properties. 

@Damaso Bautista 

Right on Brother!

@Account Closed Well said. 

I hate real estate but I like the money, power, and control that it provides every month. People think that I like real estate because I have tenants and a bunch of homes but that is not the fact. I know I'm not the only person that thinks so..? I don't see anything to love about rehabbing houses, like putting on a roofs and changing floors. People got to have more fun things to do than this LOL.  In the beginning of my investment career I was more passionate but when I stopped being passionate and based all my real estate decisions around making more money..it only made me MORE MONEY and less stress. 

@Jason D.  I am speaking about hard facts. Things that are obvious. For example extremely high rents and licensing credentials, which are things you can easily look up. You cannot halfway be a licensed realtor or builder. Its either the person is licensed and qualified or they are not. 

Advice to Bigger Pockets,

I think it is great you actively inspire people through podcasts and other various forms of media! However, it is evident that BP is not doing a thorough validation to separate the truth from fabrication. Without saying any names. I took the time out to validate some of the information that the interviewers were portraying, which is public info like rent amounts and other licensed credentials and I have found "not all" but some stuff not to be valid. Also, for example from someone who is an engineer and does special trade work. The timelines for the rehabs just don't make sense how somethings are mathematically even possible.

As time goes on if a more thorough validation process is not in place, I can see this affecting your credibility. Hopefully more people will open there ears and listen to the podcast closer, so more of this can surface. Anyone else have any thoughts ?