All Forum Posts by: Marisa R.

The biggest markets for investor purchases in 2018 were Detroit, followed by Philadelphia and Memphis, Tenn., where home prices are still low enough for investors to profit by renting them out. Investors bought nearly half the starter homes in Philadelphia last year and about 40% of lower-priced homes in Detroit, according to CoreLogic.

2 Votes

We are already seeing the growth in some areas of Detroit, but thought it would be a good idea to start a thread on those closely watching this market...

my picks, predications .........moving forward for upside

Rouge Park
Rosedale Park
5 Points
Martin Park
Grandmont Rosedale'

Anyone want to add to this..... what are you seeing as potential growth areas

2 Votes

Originally posted by @Diogo Alves:

Originally posted by @Marisa R.:

Originally posted by @Alexander Knowles:

Awesome story! Where are you originally from? What visa status did you have and were you based in the U.S or did you do this from afar?

Thanks

I am From Australia, started researching US around 2011

Foreigners don't have restrictions when it comes to buying property in US, as long as you have the cash you can buy.

In Australia our country has restrictions on what foreigners can buy and cut off point on how much

Esta visa, which means you can stay in US on upto 3 months at one time

Amazing story, Marisa! I'm a US citizen living in New Zealand looking to do exactly what you've done! Would to hear your thoughts on:

1) What is the most important team member to find before you buy a property in the US from abroad? How did you get comfortable working with that person and building trust, and how long did that take?

2) How did you manage a rehab from abroad? Assuming most of your properties you never saw in person?

Thanks

Amazing, ending up in NZ, nice part of the world

Yes, team is everything, networking with right people has helped.

Don't need to reinvent the wheel, just piggy back from successful investors

Timing market is also crucial, much easier to nake money when markets are rising which is what is happening currently in Detroit

Also Property management will make or break you from my experience

1 Vote

Originally posted by @Victor Lacerda:

Hey BPs!

I live in Brasilia, capital of Brazil. I work in the real estate business in Brazil, commercial and logistics. I started to study the American market about two years ago now I'm ready to take the next step.

I pretend to invest in turnkeys and after start fix and flip houses. Any international investor on this path?

Anyone have already helped foreigns invest in America? Feel free to PM me.

Regards from Brazil.

Hi Victor

Welcome to BP forum

This is my story on my investment journey in US, and how I turned $500,000 into $2 million and growing

https://www.biggerpockets.com/forums/311/topics/717755-foreign-investor-how-i-turned-500k-into-2m

0 Votes

Originally posted by @Marta Navales:

Does anyone know a good and reliable real estate agent/ broker in the area of Detroit? Many thanks in advance, Marta.

Hi Marta

Here’s some info that may help

https://www.biggerpockets.com/forums/55/topics/619388-detroit-the-come-back-kid

0 Votes

Any investor tips to save money??

I will start off with one of my tips...

I never pay full fare for Business Class flights overseas... the trick is to book economy, and basically upgrade to BC prior to flight or on line....if BC is not full, you can secure a BC flight for fraction of the cost.

Always seems to work for me. My favourite Airline is Qatar... Voted Number 1 in the world...best airline...… BC is outstanding.

Here's some more tips.

https://highexistence.com/20-money-hacks-increase-financial-freedom/

Mr Money Moustache, became rich from his blog. Now his a rich dude teaching average people how to be frugal.... Nice:)

https://www.mrmoneymustache.com/

0 Votes

All Forum Posts by: Marisa R.

Marisa R. has started 68 posts and replied 570 times.

Post: Investors Buying More in US Housing Market than ever before

Post: Where are you buying for cashflowing properties today?

Post: Where are you buying for cashflowing properties today?

Post: Detroit is the number 1 Gentrifying City in America

Post: Investors Buying More in US Housing Market than ever before

Post: Detroit is not only a cash flow play, Areas on the Rise

Post: Foreign Investor - How I turned $500K into $2M

Post: New International Investor from Brazil

Post: Cash flow investments in Detroit

Post: Money Hacks - Any Tips On This $$$$