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!

Research the area's nuances, understand BRRRR financing strategy, network with local investors, analyze potential deals, use VA loans wisely, explore financing options, and network through investor groups.

With the increased competition, it’s crucial to prepare your property to stand out and work to address obvious buyer objections prior to going on market.That is some great data for reference!

Spain is also another promising market we’ve been exploring, particularly for its growing tourism and rental opportunities.Currently, we’re also reaching out to US investors who might be interested in exploring these markets with us.

For BRRRR investors: Are you rethinking cash-out refi strategies or exploring alternative rent models to make deals work?

-------------------------------------------------------------------------------------Recommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder (BiggerPockets: The Real Estate Investing Social Network), etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

Here’s a quick breakdown of our financials:Operational expenses (excluding mortgage): $33k (Jan-Dec 2024)Annual mortgage payments: $58kTotal needed to break even: $91k+Income earned this year: $80kClearly, we need to bridge a gap of about $11k just to cover our expenses, and I’m exploring options to increase profitability.

Over the past decade, Columbus has attracted substantial investment from tech giants like Intel, Google, Amazon, and Facebook, which have collectively committed over $50 billion to developing data centers and semiconductor manufacturing facilities in the area.

What type of strategies are you exploring?

There is loans that cover the purchase and rehab so you could explore that.