All Forum Posts by: Peter O.

On a side note, am looking to partner with other out of state investors and as a conduit, I have some experience in what to look for and specific target areas.  Would love to hear from other out of state investors as well.  I have a trip planned to go back to Detroit in August 2018.

Hello Imthiaz,  I also am an out of state investor investing in Detroit and can say it is very difficult to find reputable companies to effectively manage properties.   I currently use an agent,  who is actually a wholesaler.  There is also a company called Castle and they do charge $75 flat fee.  They rely on their technology platform to handle all communication.   So you may want to review some more.  But from what you've stated, these fees some like what a typical company would charge. 

 Wow..this sure makes for a very great return but am sure this was a one off type of deal and can't be expected all the time.  Except as others have stated, in the wrong area.  Great deal though!

Hello Shuchi,

Welcome to BP. Feel free to add me as well to your list.

Regards, 

Peter 

Welcome Rebecca to BP! We have some similar investment strategies.   Looking forward to networking further.

Peter 

Thanks for the response.  Much appreciated

 Hello Melanie, just curious as to what formation you are using for holding properties with bank financing if any.