All Forum Posts by: Oliver Martinez

@Mario Rodriguez we have a lot of out-of-country and out-of-state clients investing in Detroit area.

If you can find the right team it goes well.

The challenge is finding that team, otherwise you'll get ripped off and lose most your money.

PM us for more info if interested.

 Welcome aboard big dawg.

@Oliver Martinez S8 Housing Commissions typically pay on time.

Once a year maybe, someone makes a mistake and there are delays.

Hi Mario,  Investing out of state is very doable. There are turnkey companies in the US that provide investors a completely renovated and tenanted property.  I am happy to direct you to the reputable companies. DM me and I will give you the scoop.  

Cheers!

You should be 100% fine as long as you do the proper research into your agents, pm's, etc... Most of the investors that other agents I work with are out-of-state and they've had no problems on either end! 

Yes this strategy works great especially if the numbers don't work locally. There are a lot of investors doing this successfully in Ohio! 

You just need to pick your market and develop your core 4 team. The core 4 consists of a realtor, contractor, property manager, and a lender. Once you have this team in place, you should have the foundation to invest in any market confidently while not being there physically.

Hey John, happy to help if I can. I own 12-doors in Detroit and 3 of those are rented to section 8 tenants.

The best areas for S8 tend to be C Class neighborhoods. If you go into A/B Class the rents are going to be too high to justify doing section 8, meaning market rents are higher than Section 8 is able to pay.

If you go down to D Class areas you're going to attract terrible tenants and it will be a nightmare.

@Mario Rodriguez we have a lot of out-of-country and out-of-state clients investing in Detroit area.

If you can find the right team it goes well.

The challenge is finding that team, otherwise you'll get ripped off and lose most your money.

PM us for more info if interested.

Hi Mario,  Investing out of state is very doable. There are turnkey companies in the US that provide investors a completely renovated and tenanted property.  I am happy to direct you to the reputable companies. DM me and I will give you the scoop.  

Cheers!