All Forum Posts by: Karim Z.

Any thoughts on Detroit market? Is a good place for OOS turnkey investing ?

Cheers,

Hello can I see it ? 

Hello BP's , 

I live in northern virginia , and now looking to expand to Richmond, VA area given the proximity and the better price points compared to where I live. If I am looking for SFR to buy and hold, I am trying to gather info that can help me in my due diligence phase:

1) what are the zipcodes and areas that offer solid rental market (i.e easy to rent and manage) ? 

2) What are are average cap rate in those areas? 

3) I see a lot of properties there at good price points, what's the sweet spot pricing for descent cash flow and also potential appreciation?

4) As I am looking to find something where I can add value by renovation and rent out, are those deals also available on MLS or only off-market?

5) I will be there first week of April to drive around different areas, also trying to build a team there so any other recommendations would be highly appreciated. 

Cheers, 

Karim 

I was planning to attend but thought it starts at 7pm, I finish work at 6 so unfortunately won’t be able to make it this time.

Thanks a lot @Eric Teran I will contact David. Appreciate the help 

@Eric Teran thanks; it's a full renovation project in Reston VA

Any recommendation for a good contractor in northern Virginia / DC area for a renovation project

I also think Home depot is best option..

Thanks guys so much @Aaron Cullen @Mihir Bhimaraju@Kathryn Dunnivant   I decided to go there and look at the area and different neighborhood and  also meet the team before I proceed. 

As you mentioned, obviously areas are going through some changes so we dont want to miss on the opportunity. I found this website also very useful in my research https://www.theindychannel.com/longform/indys-red-...