All Forum Posts by: Sara Emmanuelle Dube

Got it. Thanks for the reply Travis.

Thanks Drew. 

Ahh yes, I was once a Californian :) 

Considering traveling to Detroit to check on properties and renovations as i'm nervous. Nothing like seeing it with your own eyes. 

Hey Manny, 

Firts time investor, newbie. Just reading through some past posts and would love to know where you are now with your investment. Do you have an update? How did it go? 
Thank you,

Sara

Good afternoon @Roque Miranda, 

Id like to take a look at what you end up with in terms of #rehab contractor agreement or contract. 

Probably too late for these 2 duplexes currently in rehab, but going forward Ill probably need something more solid,.

Thanks!

Sara

Hello! I currently have the same situation. 

I took over 2 duplexes with tenants that are not paying or barely paying. I asked the PM to offer cash for keys, but I am not certain what is going there as I am an out of state investor. I see letters have been sent requesting money and threatening eviction. 

This is the 4th month with no rent. 

Do 'cash for keys' offers have to come as an official letter from the PM? 

Thanks for the advice,

Sara

Great to know im talking to a local. Yes that playground, both places on Devonshire. 

#STR interesting, had to look that up. Is that something to consider? Do you need a different PM ?

Do you go exclusively to visit and keep an eye on your properties?

Thanks Travis

Hi Drew, 

Im a recent add-on, bought 2 duplexes in Feb 2024 through redfin - and signed on with #LPM in March. (you can go by my first name. When i signed up for BP it took on my gmail account name which is my maiden name :) )

I have 2 duplexes being renovated right now. 

Check with Glenda or Sherri they should know me.

Quote from @Travis Biziorek:

Hey Sara, I love it! I own 5 properties in Morningside personally and am closing on a duplex there next month. 

All my stuff sits between E Warren & Mack Ave which I consider to be the "heart" of Morningside. 

Where is yours located?

Thanks Travis for the reply, yes both duplexes are in that area as well, close to the playground.
I just had to look it up though and im happy to hear that the "heart".

Excited and slightly nervous as money is just going in right now. Renos underway so crossing my fingers we have some rent coming in by summer.

Have you been there to see your properties?

Hello everyone, 

New to the forum and excited to collaborate and share updates as i go. 

I purchased 2 duplexes in Morningside, Wayne County, #Detroit, Michigan (zip code 48224) February 2024.I am also an #Out of state investor.

Both are currently going through repairs and updates necessary for the city of Detroit to give me the Certificate of Compliance for rental units. Yes I like to play by the rules. Do most owners get these certificates? 

The duplexes had 3 of 4 units rented, and only one tenant is actually paying rent. The other barely paying or not paying at all. It looked good on paper to have most units rented but now I need to get them evicted. Or course that has a cost and its an ongoing project.

Redfin was our real estate agents. Logical Property Management is managing both duplexes. or LPM

Open to chatting about ongoing renovations, updates, certificates, tenants, PMs and the neighborhood itself. 

This is my first investment property. Anyone with advice please send my way! 

Glad to be hear and happy to virtually meet you all,

Have a great day,

Sara

Investment Info:

Small multi-family (2-4 units) commercial investment investment.

Purchase price: $102,400
Cash invested: $117,400

This is a duplex in Morning Side Neighborhood, Wayne County.
This property is currently managed and being renovated under Logical Property Management.
One unit is occupied the other is vacant. Is is pending repairs in order to get approved for the Certificate of Compliance from the city of Detroit in order to rent.

How did you finance this deal?

Cash purchase

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

Redfin Real Estate
LPM Logical Property Management