All Forum Posts by: Miguel Gamino

Lots of folks are still writing off Detroit but more and more are waking up to the opportunity there. The city is undergoing massive revitalization and investment.

Hey Travis,

I saw a post of yours talking about your investment journey in Detroit in another thread as well!

What is it about Detroit that initially drew your attention and what about it has caused you to continue investing in the city? I am in Atlanta, another city that is seeing major revitalization, and the prices here are catching up causing it to become increasingly difficult to find a deal. Do you still feel like Detroit has room for more investors?

Hey Parker, the cash flow numbers in Detroit were appealing to me given my goals at the time. I figured if the numbers worked out the way they did on paper I'd be doing quite well. So I bought a couple houses initially, it played out as expected, and I scaled pretty quickly from there.

In terms of Detroit... there's too much happening to jot down in a simple forum post. The city is undergoing major investment and revitalization efforts in all parts of the city. Many of these are public initiatives but just as many are private.

The city is also making a bigger effort to diversify away from being just automotive in nature. They are making a big push to be "mobility" focused with a lot of investments around that and attracting companies and startups. You also have healthcare as a big industry as well as Quicken Loans/Rocket as a big employer downtown. Dan Gilbert has been a huge force when it comes to investment as well.

I'm happy to point you to some resources if you want to dive deeper.

Hey @Travis Biziorek, you're really popular in this thread! Sorry to pile on, but I've been very interested in the Detroit area to get started on my portfolio. I'm pretty familiar with the local elected officials (mayor, etc) there, so I have some insight on the investments and development plans, but I would love to chat with you about your investment experience and which parts of the city you've said yes, and no, to for various reasons. Can we connect somehow?

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All Forum Posts by: Miguel Gamino

Miguel Gamino has started 1 posts and replied 2 times.

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