All Forum Posts by: Jeff Marzo

 I feel you on that. The weather was definitely what kept me in San Diego my whole life. Although, I do have it in my plans to fly out of Detroit during the snowy months also, so that'll work out. All in all though, I guess it comes down to the question, "is the juice worth the squeeze?" I'm sure if the right opportunity came around, we all decide on what they're willing to sacrifice and/or planning around it (in this case, the weather can't hold me back anymore).

I actually plan to visit for a portion of the winter, but plan on skipping the snowy months. Thanks for the advice for sure. 

@George Yu contests on everything! We've done SFR development, and it's been a goal to get into multi-family as well. Keep it up!

I am mainly going to be only relying on my own capital/credit initially so I can proven results in that market and then as deals come through, I plan to bring those deals to a some of my San Diego connection who don't have the necessarily funds to invest in San Diego, but they have enough to invest in Detroit cash flow properties.

Sounds like you've had your fair share of Detroit. Thank you for the advice.

Damn, too late. I have been putting more emphasis on networking out there and making some connections before I visit again in December. Of course, moving forward, that is definitely great advice and will consider that as I continue to connect with others. Thanks again

Absolutely and thanks for the feedback. Fortunately, I definitely have flexibility since nothing really ties me down to any one location. It's funny about the weather. That's the one thing that used to keep me away from moving to Detroit. However, I've been in harsh winters before and maybe I'll travel that time of year, or who knows, right? I figure I shouldn't let weather stop me from what I am looking to do.

***(NOTE: Out of town from Nov4th-8th, so this next one is scheduled three weeks out. Also, Thank you to all that attended previously. PLEASE share your experiences or any photos you may have of the past ones and feel free to share this link with others so they can also attend!)***  >> Short Clip of the Previous https://bit.ly/2pSsSkw

Hello to all our San Diego friends! For the past two months I have been hosting a REI Happy Hour Social in Normal Heights, North Park, etc. and the turnout has been great and growing. So with that being said, I figured I would extend the invite to you all here and last night's event went amazingly well. If you would like to attend, let me know or comment below.

This happy hour is for you, the real estate investor, who knows the importance of networking. You deserve to wind down, enjoy an ice cold draft, and meet new like-minded investors without the worry of a presentation with a "guru" trainer/speaker.

This group is for you because you enjoy great conversation, trading ideas, comparing strategies, and sharing deals with people you can really get to know through genuine conversation outside of the office or the basic and overrated coffee shop.

Invite others to join us, if you know they will benefit, if you want to share a drink with them, or if you just don't want to network alone. It doesn't matter. We're here to chat, focus on progress, and to make sh*t happen.

Great turnout yesterday!

Thanks to all that came out, there was quite a few of us. It was great connecting with Mike and his son, Kevin, Karmen, Chris, Jared, Angel, Joshua, Adam, Jeffrey, Jose, Wesley, Lionel, and I apologize that I can't recall everyone's names, but you're definitely also appreciated for coming out

(One thing I wish I had done is had a sign-in sheet so we could all stay connected and I can thank everyone for coming out individually.)

So if anyone would like to share their experience, who they met, and what could make it even better, please share below.

Does anyone have pictures or anything? (Unfortunately, I only have this short clip https://bit.ly/2pSsSkw )

@Grant Shipman Oh yeah, I absolutely agree. I was actually just having a talk with my girlfriend and her sister  owns 8 houses out there and rents them all out by the room. Today I spent a few hours looking at properties (just to get used to the markets and what comes with those prices). Thanks for sharing. Great chart too.

"If you want to grow, get out of your comfort zone."

Hello all. I wanted to start this thread as a marker for the decision I made about two weeks ago after visiting family in Detroit for two weeks (and multiple prior visits over the years). While living in San Diego all my life, I have been investing in San Diego over the past 6 years through land wholesaling, infill SFR development, and other businesses outside of REI, what I saw during my last visit opened up my eyes to opportunities.

While taking time to drive through suburban areas in Detroit, I saw multiple infill lots, multiple new builds sold, and tons of MF properties in growing neighborhoods that have legitimate occupancy. I saw abandoned commercial properties in up and coming neighborhoods, etc. I am going to take a chance. Screw it.

While some may be skeptical of Detroit, I've read enough about analyzing markets to see so much potential in Detroit. I believe in Detroit. Detroit will have its Day again. It's not far off, as I see multiple companies coming in, talked with multiple investors in the area, as well as seen new commercial and residential development and rehabs all over. My Overall goal? Commercial development; big multi-family development/rehabs & mixed use spaces.

Looking to connect with local wholesalers, developers, contractors, architects, brokers, and other buy/hold investors.

Any positive/constructive feedback, comments, advice, etc is always welcome. Otherwise, enjoy following this journey we call life!