All Forum Posts by: Nader Shariff

Mojo worked great for me. 

Head to the midwest, and if you happen to come to Detroit , we will be here waiting for you. 

All jokes aside, I suggest looking into Detroit Michigan. It is a great market to enter so long as you understand not just all the pros but the risks as well. ensure you have a solid team on the ground and plan for the unexpected. 

Detroit has been great to myself and my team and I am a big believer in the comeback of the city.

 I don't blame you , it is a very complicated marketplace. There are a lot of pros to the marketplace, however there are also risks involved. Things don't always go as planned so plan for the unexpected. Make sure you have a solid team on the ground that aligns with your goals. You will want to ensure the ones you have on the ground are trustworthy and explaining exactly what it is you are about to get into. Overall, speaking from personal experience, Detroit makes for great market to enter, as there are a lot of things going for it at the moment. The key is to be comfortable with issues that may arise and understand that it may happen and that the team you work with reacts quickly to resolving these issues. 

For starters, make sure you are working with a TK provider that is not just going to tell you all the pros of the marketplace and their company but also all the risks associated with the marketplace and all their weak points. This would help determine if they are honest to begin with or are just trying to pitch you on a product and make a sale. 

Only if you have the right team in place on the ground. I would not recommend it if you are going in alone. But, if you have people on the ground you trust that can help guide you, then yes, I would.

Welcome Saad,

I would suggest you join your local REI group on Facebook. It could help you network with other investors in your marketplace and learn from their experiences.

I am a big believer in the Detroit , Michigan marketplace. I would recommend you give it a peak and see if it is a market you would consider. 

I would look into your local REI Facebook group and search for previous posts of people looking for property management companies. It would make for a good way to network with local investors, but also get some honest feedback from other investors on their recommendations on property managers in your marketplace.

Out of state investing could be a great option when living in marketplaces like you are in (OC). The biggest piece of advice I can give you though is to ensure you have an honest and trustworthy team in the marketplace you are about to invest in. 

Also, make sure you are aware of all the risks that are associated with the marketplace you are about to invest in. It is important to be comfortable with "worst case scenarios" whenever you are investing - period. 

Speaking from experience, my team and I have had a great amount of success in the Detroit , MI marketplace. 

Good luck in your beginning steps and investing journey ! 

Hey there, Native New Yorker here (grew up on the island as well). Out of state is probably the best way to go right now. I would peek into markets in the midwest as they offer lower entry price points, and positive returns. The key though is to make sure you have a good team on the ground and you are also aware of the risks in the marketplace you will enter along with investing from out of state. As long as you have a clear picture of what you are walking into and are comfortable with it, out of state investing works. 

My team and I have had a tremendous amount of success in the midwest , specifically in the Detroit , MI marketplace. Happy to chat anytime.