All Forum Posts by: Nader Shariff

3rd vote here on the Detroit Marketplace. 

If you haven't already, I would strongly suggest looking into Detroit , Michigan as a market for out of state investing. With the right understanding of the pros and cons of the market and the right team, it could make for a great place to invest. 

I also invest in Michigan (specifically in the Detroit , MI marketplace). 

Question is indeed broad. However, if you are just looking for recommendations on what banks other investors are using, I am happy to throw my vote in. 

I would honestly recommend you open an account with chase bank. 

I strongly suggest giving a quick peak into the Detroit , Michigan market. 

 Anytime, feel free to reach out anytime and I am happy to give you my thoughts. 

 Yep, but I think Detroit proper is where people need to be focusing on at the moment. There is for sure a lot of great things happening in Detroit. 

 I second this. start on local investor groups on Facebook. You should get quite a bit of references from there . 

Join your local real estate investor Facebook groups. I would start there. Many of the groups on Facebook have a good amount of investors that are local to your marketplace. Perhaps, introduce yourself on there and then even attend some in person meetups. It should help build your network. 

Well, as I say for any out of state investing, make sure you have a proper team in place before buying a property out of state. To me, the right team is one that is going to tell you things you do not want to hear, the pros, the cons, the ins and outs of the market you are about to get into. They are also going to be honest and transparent in the process, even if that means putting you off to the marketplace as a whole. You could also always find a turnkey provider, that could help from A-Z with the process. That would save you the efforts of having to build a team. 

Perhaps join your local real estate investor group on Facebook. Also you can join the Michigan real estate investor group on Facebook as well. Start attending meet ups and maybe even introduce yourself on there. It could help strengthen your network and make contacts with people that could help.