Investments in Royal Oak, Brighton, and Ann Arbor Michigan

[Andrea Descargar]

Hi all,

Just starting out small until I work my way up to apartment complexes and commercial units. 

For now, I'm analyzing condo rentals in the Brighton, Ann Arbor, and Royal oak area. Any thoughts or suggestions on condos/duplexes versus single family home rentals? 

TIA

[Joshua B.]

Those are good areas, Andrea. I've done deals in all those cities. Ann Arbor is going to be the hardest to find a deal in by a good margin. Taxes are brutal and prices are some of the highest in Michigan. You'll likely have the most success in Brighton as there isn't much rental inventory and prices are reasonable. You also should be able to find a SFH fixer in Royal Oak (lots of 3beds/1bath/1100sqft type SFH inventory) but not sure there's as much in terms of dated condos to BRRR.