All Forum Posts by: Rohmah Ismael

@Jaycee Greene I see, I would still love to stay connected as well given I plan on executing the BRRRR strategy on the MF units I plan to acquire this year.

@Shuvrajit Mukherjee I would love to hear more about your experience as an out-of-state investor as I still have some anxiety about investing in out-of-state RE especially executing the BRRRR strategy. Also, please do I would love to try out the software.

HI everyone, I'm Rohmah. I new to BP platform and RE investing. My main job is running my investment holding company, so I'm familiar with public and private market investments but new to RE. RE investing has been something I wanted to do personally. I am in Seattle, but looking to build local team in Detroit, MI as I would like to execute BRRR in there. I am looking to invest in multifamily units. So, now more than ever is the time to build a local team in Detroit.

However, a few questions I would have are:

1. Who should I look for first?
2. What should I be aware of as an out of state investor?

3. What challenges with out of state BRRR investing?

Hi, I'm Rohmah, a Seattle native that is new to BP community. This year my goal is to being my RE investment journey and have decided to venture outside of WA. I decided to begin my journey in Detroit, MI market. I would love to secure my first property by end of Q1 this year and another sometime in the Summer around August. As an out of state investor, I understand that investing will be much harder as I can keep eyes on the property or even drive by to take a tour. As an avid public and private markets investor, I solely believe a person's network is their net worth. Hence, I would love to connect and both listen and share my insights with other experience and new investors like myself. My RE investment strategy is BRRRR for multifamily units paired with Section 8.

If you are contractor, property manager, real estate agent or anyone knowledgeable about Section 8 feel free to message me or refer me to anyone you know. If you're not, I would still love to hear your thoughts as a drop is wisdom is always appreciated. 

Hi Jason, I am new to real estate investing and also looking into the Detroit market to begin my journey. Currently, I'm in WA but due to the lack of good reasonable priced inventory for BRRRR, I'm drawn to out-of-state investing. Would love to connect and hear more on updates you have regarding the Morningside area.

Hi everyone, I'm Rohmah and I'm new to the platform as well as real estate investing. My goal for this year is to work on buying my first investment real estate property in 2025 and possibly a second before year end. I live in Seattle, WA but due to the limited inventory and high prices I want to invest out-of-state. I am not interested house-hacking. My primary goal for investing in real estate to grow my wealth and generate a bit extra income- not replace my day job.

As the first investment, I want a safe investment with a goal recycle my down payment for a second property within 12 months and focus on learning & long-term cashflow/appreciation. My budget for the first property is $50k ~ $100k total cost (including rehab). My strategy is BRRR, so with this budget and my goals, I ruled out WA and looking out of state. Following the BRRRR strategy and aligning to my budget and goals, I am looking at multifamily homes in Michigan (Detroit area). Also, I am looking into leaning in on Section 8. Any suggestions on how to get started, some risks to be aware of?

I am reading BiggerPockets forum. Some specific questions I have:

1. What should be the number first step after picking a market? I am looking at listings online, running my numbers. Many of them barely hit the "1% rule".

2. There are many properties out their but most within budget that I have seen on Crexi are already renovated so not ideal for BRRRR. What are other areas I can look into around Detroit or should I still focus on Detroit?

3. Assuming I purchased a property, how do I find renters? Do I lean 100% on the property manager to find renters? How do I know the vacancy rate / how long it took to find renters for comparable properties? This would be one of the most important inputs for "running your numbers". Are there any good property management companies that are familiar with Section 8? 

4. How difficult is the Section 8 process? Is it worth it?

5. I would like to "build a team" as an out of state investor (e.g. realtor, PM, general contractor, etc). How do I go about doing this? Who is the most important member/first I should focus on?

Would love to connect and if you have any other generic recommendation / tips are appreciated. Thanks in advance!

Hey everyone, I'm Rohmah. I'm new to the forum and new to this platform. I was recently introduced to this platform by a good friend, so I sign up and join to connect with others. I have been an co-investor in both private and public companies for a few years now. Recently, I decided to get into real estate after much thinking. I'm based in Seattle, WA, but I am real interested in looking into the Detroit, MI market. I look forward to learning and connecting more with people on this platform and specifically with others in this forum.

Also, I am looking to build a team as I have started to looking into a few properties. I would like to get started within this year and as soon as possible. I hope to secure my first out-of-state property early this year and many more to come up as we progress through 2025. So, I would love to connect and have a team of real estate agents, general contractors, inspectors, and property managers specializing in Section 8. Ideally, I would to have someone well-versed about Section 8 on my team.

So, if you are here to just connect or looking to join my journey in the Detroit, MI market just hop in and ping me. One strategy I am looking to apply as soon as possible is the BRRRR strategy in the Detroit market. If you just want to connect and discuss real estate then that is ok too. I am open to learning and hearing from everyone. Also, if you are looking to invest in private or public assets, feel free to drop me a message as well as can connect. In short, I would love to hear from everyone and if you are a RE agent, general contractor, home inspector, or property manager then just reach out whether you are familiar with Detroit or not.