All Forum Posts by: Travis Biziorek

Ethan, how is Detroit not on this list?

The median price in Detroit is up over 2x in the last 5 years. It's far more than that over the last 10 years.

And the city has one of the highest rent-to-price ratios out there.

How did it get overlooked?

 Sure, just DM'd you. 

For anyone else, it's far easier if you just send me a direct message.

 Sure, just DM'd you.

Merry Christmas!

Received!

 Sure, just sent you a DM.

Hi Mattin,

As we’re already chatting via DM, I’ll keep this brief, but I wanted to drop a note here for anyone else considering Detroit. It’s a market with its own set of challenges, but it’s also packed with opportunities if you understand the nuances.

Happy to help if anyone here has questions about Detroit investing or wants to explore what’s possible in the market.

Looking forward to continuing our conversation, Mattin!

Scott, am I reading this right?

You're in Detroit and considering investing out of state? Why?!

Detroit is literally one of the, if not THE, best markets you could be playing in today. And the fact that you're local, on-the-ground, gives you a massive advantage. 

I own 12-doors in Detroit proper. The absolute last thing I'd be doing is looking at other markets.

Hey John,

I own 12 units in Detroit but currently live in California. I actually used to live in the area and self-managed all my properties while I was there. Even after moving 2.5 years ago, I continued to self-manage because I had a solid network of connections that made it pretty easy to handle remotely.

That said, it eventually came down to wanting my time back. My wife also made it clear that if we were going to expand beyond what we already own, she didn’t want to be involved in managing them. Over the last 3 months, I’ve moved 4 of our 12 units over to a property manager. So far, it’s going really well, and I’m glad we made the shift.

For me, the decision wasn’t about issues with self-managing but more about freeing up time and mental space to focus on the next steps in our investing journey.

Curious to hear others’ experiences as well!

—Travis

I would start by finding areas you actually WANT to live and go from there.

Picking a place to call home simply because it has a real estate market that you feel will fit your goals is a great way to end up miserable. 

Find some areas you want to be and then look at the RE markets. What's wrong with upstate NY, for example? There's plenty of great areas for REI up there, no?