All Forum Posts by: Marisa R.

Thats about right

I have an edge, currency play.... am a foreign investor so I can tack on 40% when bringing money home

Great thread

I am a believer, been playing in this market for over 12 months

However unless you have all the stars aligned you will very quickly go from a cashflow position to negative

What does this mean?

Buy the right product

Good neighborhoods that are appreciating

A good honest reliable maintenance/contractor

Ditto - property management

I would not recommend sourcing finance until your portfolio is stabilized

But can I say .... ignore the noise, Detroit Rocks

Check out my post ‘Detroit the comeback kid’

Whats WCW?? 

Please share the joke so we can all have a laugh

 Actually, it's best to use cash when the market is way, way down and banks aren't lending. When you tie up your funds at the top of the market, you can't take advantage of the fire sales that happen when the market corrects. That's when real wealth is made. Just referencing cycles in real estate. But, to each his own.

Hi Mike

I can not source finance US as I am a foreign investor. Actually I lie I can but its much higher rates, not at all attractive

You raise very good points

Massive difference from gross vs net

Its around $14,000 net

No mortgages against properties, all cash buys

I am generating around $18,000 per month, started in Atlanta and last 12+ months in Detroit market

OMG and I thought I was doing well at $32,000 renting st $800 per month

Yes, timing is right Detroit is now on the rise