All Forum Posts by: Mikelle Willis

Hi friends! I'm looking for comps for rehab for my property in Detroit. 

Can someone share how much it cost to paint the interior of a 1360 sq ft two story house? Exterior?
Bonus points for anyone who can share the average price per sq ft please for painting in Detroit!

Also, I'm looking for average cost per sq ft for labor for floors (eg. removal of old carpet and tile and install vinyl and carpet)

Lastly, any recommendations for painters for floor installers?

 I have one property in the 48205 zip code, but it's in a nice part of that area.  The other is in 48235 zip code. I've set up an appointment on your calendar to connect.  Thanks!

 Excellent!  I'll send you a DM.

Hi Everyone!

I'm a real estate investor currently focused on building my portfolio in Detroit. So far, I own two single-family homes (SFH). One property has already been rehabbed and is on the market, though it hasn't attracted much interest yet despite being listed for a few weeks. The second property is a recent purchase (just closed this week – woohoo!) and I'm gearing up to start the rehab soon.

I invest remotely but will be visiting Detroit in a few weeks to spend some time on the ground. I'd love to expand my network and connect with local investors, contractors, wholesalers, and anyone else involved in the real estate scene. Eventually, I plan to move to the city and focus my real estate efforts there full-time. If you're open to connecting or meeting in person while I’m in town, please send me a DM – I’d really appreciate it!

Additionally, the property I have for sale is located in the 48205 zip code, which I later found out is considered a "red zone." That said, the block itself is great, and my agent has included drone photos to showcase the quality of the area. We’re considering a price drop but I’d love any advice on how to generate more interest in the listing.

Thanks so much for your help and looking forward to connecting!

 Hi Drew!  I'm going to send you a message.  Thanks!

 Hi Travis.  I know this is an old message.  I'd love to talk to you about your investments in Detroit. I live in CA and have two doors in Detroit and I'm hoping to get more.  I'll send you a message.  Thanks!

Hi Bonnie! Do you mind sharing more about your virtual meetup?  Thank you!

 Thank you so much for this!  I'm not committed to staying in CA or AZ if the numbers don't work.  That's why I'm trying to do the research now before I pull the trigger, so I appreciate you suggesting other areas.  

I was considering Ohio (I know that's a great MFH market) but I was hoping to find something closer to home. At this point, if I need to hop on a plane to get there, then a 3 hour flight vs a 5 hour flight doesn't make much of a difference, I suppose. Hence, the need for me to explore areas outside of CA and AZ.

I did a refi of my current home in 2021 and I pulled out some cash. I used that cash as down payment for my 3/2 SFH in Phoenix that I'm using for STR. I was able to get my rate down to about 2.8%.

Hi friends!  I'm new to the bigger pockets forum.  I'm hoping to get solid advice and possibly some connections!

I'm a real estate investor, connected to other investors with access to capital.  However, I am struggling finding potential deals where the numbers make sense based on my underwriting process.  So, I am trying to figure out if the deals just don't exist in these areas or if I just haven't made connections with the right people.

My deets:  I live in CA my entire live and I'd love to stay local if possible.  I own my home, which is a 3/2 that I bought in 2013.  I bought for about $360k and it was appraised at $765k in 2021.  

I own a 3/2 in Phoenix that I'm currently using as a STR (the STR market is really oversaturated in that area now, which is another problem that I need to address). I went with Phoenix initially due to STR regulations, it was close to home, and it's a land lord friendly state.

My goal is to build my investment portfolio primarily with MFH moving forward (around 10 - 30 unit properties).  I've been searching and searching for good deals in Phoenix, but I haven't found anything.

Do you all recommend that I stay in Phoenix for investing in MFHs?  If so, can anyone connect me with brokers who have solid off-market deals? If not Phoenix, is there a city in CA that you'd recommend that I consider for MFHs?