All Forum Posts by: Raymond F Loo

@David Olson My story is similar to yours...analyzing markets for the best cash-flow for months.  There is so much data out there, every time I came across new or different data my calculus changed.   I recently sold a luxury condo (1031 exchange)  in Honolulu  that appreciated well over the years, seeking better cash-flow in other markets.  I had to finally pull the triggers and I settled on 3 markets and bought multiple properties in:  North Dallas, Indianapolis, and Detroit.  I still have 2 more properties to close.  Its too early to assess my results, but its so-far-so-good.  

You may find this article from U-haul interesting  as it tracks migration trends across the US.  It ranks the greater Houston area very high.  

https://www.uhaul.com/Articles/About/17784/Top-Us-Destination-Cities-IN-2018-Houston-Greets-Most-Movers-Again/

Best of luck and Aloha.

Hi Matt, thanks for your feedback on the FB group.  Properties have been repaired and rehab to get them on the rental market. The issue is the title company, that does not or can not do a subsequent warranty deed the property back into my trust.

I am a resident in Hawaii purchasing a few SFH in the Detroit area as investment rental properties as replacement properties in a 1031 Exchange. I am taking title in my and my wife's name. The title company I am working with told me they are not able to do a warranty deed and file it in land court to put the properties back into our trust unless it is a separate RE transaction. I have invested in other states like TX, HI, and IN where the title company simply prepares a subsequent warranty deed into our trust 1-2 days after closing. Has any Detroit investors experienced this? I am looking for resource experienced with Michigan/Detroit laws who can assist. Any advice or recommendations?