All Forum Posts by: Marisa R.

Wish I had a crystal ball..... 

This is what I do, don't feed the debt monster, in other manage debt, and make sure your cashflow is sufficient to cover the bumps along the way

Detroit is going gangbusters in certain neighbourhoods, have mentioned Bagley, Rosedale Park, Redford, Grandmont Rosedale to name a few.

Have a read of some of my posts I have shared lots of info on what's happening etc. I also recently posted a link where 98% of Detroit is now seeing appreciation, stats don't lie, good time to look closer at this market for appreciation and cash flow

I think property investors are a rare breed, with lots of passion. 

Its not really a day job if you love what you are doing.

Like to hear from others who have retired but continued pursuing property investing/projects

I am looking at flipping one of my properties in Aviation Sub. I got it for a great price, well below market value, so I am thinking of taking some money off the table.

I will provide updates on figures shortly

I wish the best with this strategy, please keep sharing..... interesting to review this thread again in 6 months time

Just thought I would provide an update on my thread and the progress 

As I have mentioned I have been playing in the Detroit market. 

Yes getting a lot of negativity from BP on this, but I am probably a sucker for punishment. Key is persistence and buying the right properties, at the right price.

I like to look at properties which have a higher owner occupier ratio than renters, this is one indicator but also pay attention to what is happening in terms of supply and demand.

To date I have purchased 10 SFH, all up including rehabs etc. at a cost of $417,000, this is now generating $95,400 gross income pa (22% gross return). Generating around 12% net income.

$7950 income per month gross/ $4000 net per month  (Detroit)

$10,000 net income (Atlanta)

I am all about increasing income, appreciation is a bonus.

So what is happening in this market at the moment, this will give you an insight, some figures.

https://www.michiganradio.org/...

Some good news, confirmation this market is on the up

https://www.michiganradio.org/...

Hi Everyone

It appears the answer is yes, the stats don’t lie

I am happy I purchased 12 months ago

https://www.michiganradio.org/...

My only concern here is you are with ongoing costs ie taxes, insurance and higher risk???

your thoughts???

 These areas are my playing ground, I see huge potential here