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All Forum Posts by: Joseph Bui

Joseph Bui has started 0 posts and replied 274 times.

Post: How do you mitigate risk while investing in Detroit?

Joseph BuiPosted
  • Rental Property Investor
  • Midwest
  • Posts 280
  • Votes 200

I have 8 doors in Detroit and it can be tough at times. I work with my PM to get a minimum credit score (650 or so) and income requirements (3x the rent). Don’t be in a hurry to place a tenant because it much more trouble to place a bad tenant than to keep it vacant. When a property is vacant, I board up all the windows until it’s rented again. Happy to connect and knowledge share. 

Post: New to investing I would like some networking and advices :)

Joseph BuiPosted
  • Rental Property Investor
  • Midwest
  • Posts 280
  • Votes 200

I’m not familiar with the Chicagoland area but I do have 10 doors across Memphis and Detroit and happy to knowledge share. 

Post: 1% Rule (or close) in Any US/state City?

Joseph BuiPosted
  • Rental Property Investor
  • Midwest
  • Posts 280
  • Votes 200

Not too many market have a lot of properties that match the 1% rule. I’m pretty heavily invested in Detroit and Memphis with 10 doors across both cities. Still possible to find 1% rule properties with cash flow in those markets. Happy to connect and knowledge share about what I’m seeing. 

Post: New to Real Estate/Bigger Pockets

Joseph BuiPosted
  • Rental Property Investor
  • Midwest
  • Posts 280
  • Votes 200

Hi Jim, what markets are you looking into? I have a 10 door portfolio across Detroit and Memphis and would be happy to connect and knowledge share.

Post: New to Real Estate Investing

Joseph BuiPosted
  • Rental Property Investor
  • Midwest
  • Posts 280
  • Votes 200

Hi Colin, what markets are you looking into? I have have a 10 door portfolio across Detroit and Memphis and would be happy to connect and knowledge share.

Post: Asking for advice

Joseph BuiPosted
  • Rental Property Investor
  • Midwest
  • Posts 280
  • Votes 200

What markets are you looking into? I have a 10 door portfolio across Detroit and Memphis and would be happy to connect and knowledge share.

Post: Aspiring real estate investor

Joseph BuiPosted
  • Rental Property Investor
  • Midwest
  • Posts 280
  • Votes 200

Hi Robert, excited that you are jumping into the world of real estate. I have a 10 door portfolio across Detroit and Memphis and would be happy to help answer any questions you have, especially in these markets. Lets connect!

Post: When Is A Good Market To Flip

Joseph BuiPosted
  • Rental Property Investor
  • Midwest
  • Posts 280
  • Votes 200

I'm bias because I have 2 flips in progress right now, but I'm a big Detroit fan when it comes to flipping. Even in up and coming neighborhoods, you can find vacant run down houses and turn a "quick" 20-50% return. Since prices are so cheap, you don't need to worry about hard money. On top of that, labor is cheaper, so a full very nice remodel shouldn't cost more than 60k at most. Most will cost way less. Happy to connect and knowledge share if you are interested.

Post: BRRRR Help Questions

Joseph BuiPosted
  • Rental Property Investor
  • Midwest
  • Posts 280
  • Votes 200

Hi Seth, I've done BRRRRs a few times with various amounts of success. I've done it in Detroit and Memphis. Happy to connect and knowledge if you are interested.

Post: Investor Looking to Connect

Joseph BuiPosted
  • Rental Property Investor
  • Midwest
  • Posts 280
  • Votes 200

Hi Nishil, I don't have any Indy rental properties but I know a few investors there I can connect you with. All my properties (11 total) are in Detroit, Memphis and Seattle and if you want to chat about any of those markets, happy to do so.