All Forum Posts by: Marz Junior

@Marz Junior 

We have some great RE meetups here in Indy.  Let me know when you'll be in town and I can make sure that you know about any meetings happening when you're in town.   

@Marz Junior for an intro to crowdfunding take a look at this article by @Scott Trench

For one the main reasons (amongst others) why I am no longer investing in low end properties take a look at this article by Ben Leybovich

Hi @marz.  I'm an agent in the Detroit area.  I work with a number of out of state investors.  I'd love to have a conversation with you regarding your investing goals.  

Hi @Marz Junior,

I'll echo what everyone else has said, welcome to the forums!  Besides Detroit, what other areas have you looked into and where do you plan to travel to next spring?  Is Indianapolis on your list?  If you're interested in diversifying your risk through crowdfunding like  @Saul L. stated, I'd be happy to speak with you about what we're accomplishing here in Indy.   

You have certainly received a lot of good advice.  Good luck with your new endeavor and I hope to talk soon.

Rob

When I first came to Detroit to look at properties before I moved up here, I used to run into former RE Investors that had lost their over mortgaged properties in the crash. They would always tell me “You can’t make any money in Detroit”

I would look at them and ask, “If I buy for $1000 the same house you paid $80,000.00 for, do you suppose the outcome might be different?”

I strongly advocate Detroit but even more Strongly advocate against buying Turn Key properties and most other models people are trying.

It takes more than a property manager to be successful in Detroit.

Welcome to the forum mate :)

There sure have been quite a few Aussies joining in the recent months.

I always wish many folks knew about Bigger Pockets years ago as there would be much less heart ache now.

The best advice I could give someone starting out with US real estate is to focus more on the people and team rather than the stats/demographics.

Thanks and much success :)

Hi everyone,

My name is Azar, I am French, and I am investing in Paris. I have 2 flats in the french Capital and running for a 3rd one!

@Marz Junior

welcome - you might also consider first what type of return versus the amount of risk you are wiling to take. When we talk to foreign investors for the US real estate market, often they do not understand well that every market/neighbourhood (and property) has a certain (expected) return but also certain risk.  Every investor is different so you might need to determine your preferred style of investing in property and that will drive which city you should look at. We have done this over the last years with many foreign investors and they seem to appreciate this way of tackling the US real estate market.