All Forum Posts by: Stephanie Niles

Great post and congratulations! I'm scrambling to research and understand all the terms you used i.e land contracts & wrapped mortgage BUT I do know MATH and you made a killing with no money down! Amazing. I aspire to achieve a deal like this someday. Thanks for sharing the deets! 

@Drew Sygit yes for sure. I know Detroit is a great area with lots of opportunities but quality PM seem hard to come by, know someone who got burned with no rent collected for close to 1yr!  

@Matt

@Matt Hew hey! sending you a PM now.

@Matt Hew hello! I’m a new BP member as well and have posted a somewhat similar topic on the forum as well. While I am of course no expert and just in the research phase myself, I agree with @Chad U.. It seem like the llc method is better for US residents/ citizens. I’m waiting to hear back from a cross border law and accounting specialist but it appears setting up an LP is what’s recommended. Hope this helps you get in the right direction. 

got it! 

Wow, I'm so blow away by the feedback and responses! Much appreciated. :)

Um quick question though...what are votes??? should I be voting for everyone who responds? are they like "likes" lol sorry I'm not sure.

@Hai Loc Great and thank you, I will very soon! 

@Isaura Orellana Very true about the Detroit market and I have thought about it but for now I just narrowed down my areas to NY & OH....absolutely would consider Detroit area,MI especially with the growth happening there later on. We're hoping to get something going in the US  with a formula and strategy that works and replicate again and again! lol Also, what you mentioned is initially was I was hoping to look into Section 8 renting. Maybe I can DM you in the near future for more insight. Thanks for the feedback and recommends much appreciated! 

@Remington Lyman Thank you sir! I will take a look at this area more. I know once I'm working with an agent it will help to filter through the fluff and weed out more specific criteria...hopefully. It's pretty hard trying to narrow down specific areas of interest now, I feel like I have to get out there and really explore the areas in person to have a better understanding of the neighbourhoods. Looking forward to spring so I can make a few road trips. 

@Khaled Morad Thank you for the feedback! I know with this budget it will be challenging for sure...from my research so far I know some markets/areas are very challenged/depressed and we are not in the market for a full on gut job...hopefully cosmetic reno only to add value and attract good tenants for the long term. I will certainly take you up on that DM offer soon. Thanks! :)

@Robert Ellis Thank you for your insight,I really appreciate the info. No, I haven't been to Columbus but spent some time in Toledo/Cleveland over the years. North Linden has come up in my research as well as German Village and Clintonville. I'm going to be giving the zip codes you mentioned a closer look. Also really good to know it's an active market given your recent investments and client activity! Best of luck with your continued projects!