All Forum Posts by: Marisa R.

Hi BP Community,

I am new to the Detroit MI market area and will like to buy a Single-Family Home (SFH) as a long distant investor. One of the issues I am having as I conduct my research/ analysis is that I am not familiar with different areas, specifically blocks. Unlike my local market that the value of the property is driven by the zip code, I found this to be the opposite. With that been said, I am hoping that for those who have experience investing in the Detroit area I was hoping if you could please share with me how you were able to narrow your search to minimize your risk. Also, even tough I am targeting SFH homes, I will greatly appreciate if SFH is the right entrance in this market, and referral of realtors who have experience working with investors. (any feedback is greatly appreciated).

Regards,

Robert.

Looks as though things are going pretty well! Always good to see an Aussie kicking ***.

I have always been interested in investing in the US market, especilly Detriot as far back as when the dollar was at parity, however being an undergrad student and tied up to a mortgage at the time meant I didn't have the spare cash at the time. Fast forward a number of years, I'm now living in the US and about to get a small lump sum from my employer so I am now beginning to look into buying here and Detroit is again the area that has my interest, especially given the volatility of the companies stock price.

How have you found investing here compared to Aus? What are some of the main differences that you have encountered? I get the impression that the chances of getting a shonky deal in the US is significantly higher than back hom.

Any advice for an Aussie trying to crack into the US market?

Keep up the good work!!

Hi Marisa,

I looked over my kitchen and found a very rare (Steak!!!) 

I doubt it would bring millions in a auction--but maybe with a potato??