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I help out-of-state real estate investors get started in cash flowing markets by plugging them into our existing, proven, and experienced team.
Hi there, I’m Travis Biziorek!
I moved from California to Detroit in 2017 and spent a few years aggressively building a rental portfolio. Then I used the cash flow to move back to California.
Now, with my good friend Nader, we leverage our network and team on-the-ground in Detroit to help other investors get started in the market.
We offer a unique service, giving investors the ability to do BRRRR projects from afar. That way you’re able to create equity without having to go it alone.
If that sounds too good to be true, read below to learn more about our process!
Our process is unique. We purchase off-market deals and then resell them to out-of-state investors as-is.
We then help you through every step of the renovation, find a tenant, and offer ongoing property management.
It’s a turnkey-like experience but not a turnkey product.
This allows you, as the investor, to create and keep equity. It’s also more capital efficient for our business. Here’s what you can expect when working with us…
We focus on completing clean, rent ready renovations that appeal to strong tenants. We do over 200 transactions per year, so we understand what it takes to get these renovations done in an efficient and cost effective manner.
Here are some before and after photos of recent rehabs that are representative of our team’s work:
Our average rehab generally falls in the $20,000 – $30,000 range and often includes:
Our goal is for the homes to look nice, clean, and presentable but not at the expense of addressing capex items like plumbing and electrical.
In 2019 Nader and I both found ourselves living in Detroit from opposite sides of the coast… me from San Francisco and Nader from New York.
We had both been attracted by what appeared to be a unique real estate opportunity in a city that was clearly turning around.
Initially, we were investing and building our own personal portfolios. But I soon turned my focus to increasingly larger full-gut projects and Nader began building his business.
We became extremely close friends, always comparing notes as we navigated the Detroit real estate market.
Nader started working with non-local real estate investors, initially from France. He quickly realized there were three main pieces that all out-of-state investors needed help with:
Sourcing strong deals, contractor relationships, and property management.
He solved these problems early on and has done over 1,000 transactions in the city of Detroit today. In early 2023, now back in California, I finally took Nader up on his offer to come work with him.
We live and breath the Detroit real estate market. Nader spends about 80% of his time on-the-ground with our team in Detroit while I make it back ever 2-3 months.
Our passion is helping out-of-state real estate investors find success in Detroit, and we have a lot of fun doing it.
If you’d like to work with us, start by setting up an introductory call.
We understand out-of-state real estate investing can be nerve wracking. That is why we buy every deal ourselves, with our own capital, at some point before reselling it. It’s a huge quality filter you won’t get anywhere else.
Ultimately, if we don’t resell a deal it becomes ours. We look at every property through the lens of whether or not we would personally want to own it. Beyond that, we go above and beyond to help you understand the mechanics of each deal and why we’ve purchsed it.
This includes:
That all sounds great, but there’s no substitute for seeing real-life examples of previous deals we’ve done.
Below you’ll find four typical, yet very different, types of deals we focus on. Feel free to click through to the Google folders, check out the numbers, photos, and deal memos:
This cute house was sold to an investor for $56,000 and required a $15,000 rehab. It didn’t need much work!
We estimated the ARV at $75,000 and net cash flow of $203/mo after all expenses as well as 20% gross rents for reserves.
After rehab, the home actually appraised for $85,000 and the investor did a cash out refinance, leaving just $7,250 in the deal.
Click here to see photos, numbers, and the deal memo.
Tenant occupied deals are more rare but they do come up. Usually, the tenants are below market rent which allows us to get the property at a deeply discounted price.
We recommended setting aside $6,000 for future repairs. But initially, all it needed was simply cleaning up the overgrowth on the exterior for $500. The idea was then to do delayed financing.
The home appraised for $90,000 and the investor pulled out all of their capital within a month of purchase.
Click here to see photos, numbers, and the deal memo.
This duplex required a $40,000 rehab, which is on the high end of most of our deals.
But the investor paid just $60,000 and it sits in one of Detroit’s hottest neighborhoods with a nearby Streetscape project and developments.
Comparable sales put the ARV at $160,000 which means the investor will be getting all of their capital back plus an extra $12,000
It’s rare we see duplexes with such strong numbers but they do come along!
Click here to see photos, numbers, and the deal memo.
This typical Detroit bungalow is located in a desirable and growing area.
The investor paid $65,000 for the home and it required a $20,000 rehab for all-in cost of $85,000.
With comparable sales supporting a $130,000 ARV this will be a strong BRRRR that allows the investor to get all of their capital back plus $12,5000.
The tradeoff here is the home will have slightly negative net cash flow for now.
Click here to see photos, numbers, and the deal memo.
Our compensation is made on the transaction. Much like a wholesaler, we make our money on the spread between what we purchase a property for and what we resell it for.
As expected, this is highly variable and each deal is different. But the purchase price you see is the one YOU pay for the property. There is no extra fee on top.
We do charge separately for property management, but we do not make money on the rehab or project management side of the process.
No.
All of the deals we do are cash only.
Our typical single-family home deal falls in the $75,000 – $95,000 range including rehab. That might mean you purchase the home for $55,000 – $65,000 and put another $20,000 – $30,000 in the the rehab.
For duplexes, we’re currently seeing them fall in the $110,000 – $130,000 range. Again, that is the all-in cost including rehab.
For some actual deal examples we’ve done with out-of-state investors recently, please see the above section.
A standard rehab on a single-family house can take 2-3 months. Duplexes can take a bit longer.
Our contractors will communicate throughout the process, usually through a WhatsApp group, and our project manager will check on the progress in-person.
It depends on the deal and what makes the most sense.
In most cases you’ll need to wait 6 months before refinancing.
But in some cases, like the turnkey deal in the above section, it might make sense to do delayed financing.
While it’s usually best to wait the 6 month seasoning period, we’ll always tell you if it might make sense to do delayed financing.
Absolutely!
We have lenders that will do conventional loans as low as $50,000 and are happy to put you in touch. We’re also happy to connect you with insurance agents and brokers we know well.
Once you work with us we are always here to help.
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