Hello,I am a real estate investor located to Southeast MA, I own and manage a small portfolio of 23 units and am looking to expand and scale out of state as the returns and market have been quite difficult in my area: due to CAP Rates, specific building class I am looking to invest in, and rising interest rates/minimal inventory, as well as it would be nicer to be diversified and in a more landlord friendly state.  

At that point my project manager (and partner) started pushing him. 

I focus solely on Detroit proper because, in my experience, the rent-to-price ratios, opportunities for value-add projects, and overall market potential are much stronger there.That said, Detroit is a nuanced market.

For smaller investment amounts, we often see investors providing private loans or notes to other investors for their projects, which can offer attractive returns with the right due diligence.

Quote from @Carson Hyland: Even if you buy the right property, failing to manage it well will kill your cash flow. 

We will certainly manage the drawdown from those funds to account for tax consequences as best we can.I appreciate the calls for diversification and I get that cash flow is a tougher to secure with interest rates where they are.

Hey Barbara, I have a property manager I can recommend for the LAIC service.

You’ll need to treat it like a business—handling tenant management, accounting, legal compliance, property maintenance, and more.That said, when done correctly, it’s a powerful tool for building wealth!

I manage the program for one so I wanted to provide good questions to ask.

It’s a pretty big project but great opportunity.