Skip to content
Learn
Get Started
How To Manage Your Rental Property Real Estate Syndications
SMARTER Phases
Strategy Market Acquisition Rehab/Rent Tracking Exit Repeat
Resources & Media
Resource Hub Webinars BPCON2024 Podcasts Pro-Exclusive Videos PRO Books Blog Guides Self-Guided Bootcamps Interactive Bootcamps
BPCON2024 Is Heading to Cancun October 6-8
This is your chance to learn from the best, network with the best, and become one of the best in the game.
Free Webinars
Real estate investors break down the basics, and share tips on how to get your next deal.
Tools
Calculators
Rental Property Fix And Flip BRRRR Wholesaling Mortgage Payment 70% Rule Airbnb Rent Estimator Rehab Estimator
Software & Services
Build Your Team Property Management Tenant Screening Lease Agreement Packages PRO RentRedi PRO Insurance Pro Partners PRO
Find Deals
Find Markets Find Deals PRO Real Estate Syndications Off-Market Deal Finding PRO Community Listings Find Foreclosures
Market Finder
Pinpoint the best real estate market for your specific goals with expert recommendations and real-time data on appreciation, affordability, rent to price ratio, and more.
Build Your Team
Suggested Vendors
Find an Agent Find a Lender Find a Property Manager Find a Tax & Accounting Pro Find a Financial Planner
Vendors & Partners
Build Your Team
Search
Members Businesses Classifieds
Events & Meetups
BPCON2024 Local Meetups
Agent Finder
Match with an investor-friendly agent who can help you find, analyze, and close your next deal.
Lender Finder
Get the best funding for your strategy. Find and compare investor-friendly lenders.
Forums
For You
Newest Trending Unanswered My Discussions Followed Discussions Followed Categories Followed Locations Followed People
General Real Estate
General Real Estate Investing Starting Out Deal Analysis Buying & Selling Business & Marketing Landlording Property Management Reviews & Feedback
Real Estate Strategies
House Hacking BRRRR Short-Term Rentals Mid-Term Rentals Multi-Family Fix & Flip Other Strategies
Finance & Financing
Lending Creative Finance Personal Finance Taxes & Legal Issues
News & Announcements
Official Site Announcements Market Trends & Data Real Estate News & Current Events Pro Exclusive Area PRO
Events & Networking
Events & Meetups Classifieds
Blog
General Real Estate
Real Estate News Market Trends Financing Landlording Tips Personal Finance Taxes Opinion
Top Strategies
BRRRR Short-Term Rentals Multifamily House Hacking Flipping
Loan Modifications Are Bringing 3% Interest Rates Back, Even for Residential Real Estate
Yes, investment properties can qualify for the program if they meet certain requirements.
These Are the Passive Investments I’m Most Excited About Right Now
With so many ways to invest in real estate today, finding the right path for you can be tough. Take a look at what Brian is considering.
Store
All Books
Browse All Best Sellers New Books & Pre-Orders Bundle & Save Books for Beginners
Simplify your goals and find clarity for your investing
Dave Meyer's newest book gives a practical framework to craft and execute YOUR personalized real estate plan.
Find and fund amazing deals in any market
The two biggest problems in real estate are finding properties and funding deals—and the solution to both starts here.
×
Pro Members Get Full Access
Succeed in real estate investing with proven toolkits that have helped thousands of aspiring and existing investors achieve financial freedom.
$0 TODAY
$32.50/month, billed annually after your 7-day trial.
Cancel anytime
Find the right properties and ace your analysis
Market Finder with key investor metrics for all US markets, plus a list of recommended markets.
Deal Finder with investor-focused filters and notifications for new properties
Unlimited access to 9+ rental analysis calculators and rent estimator tools
Off-market deal finding software from Invelo ($638 value)
Supercharge your network
Pro profile badge
Pro exclusive community forums and threads
Build your landlord command center
All-in-one property management software from RentRedi ($240 value)
Portfolio monitoring and accounting from Stessa
Lawyer-approved lease agreement packages for all 50-states ($4,950 value) *annual subscribers only
Shortcut the learning curve
Live Q&A sessions with experts
Webinar replay archive
50% off investing courses ($290 value)
Already a Pro Member? Sign in here
Followed Discussions Followed Categories Followed People Followed Locations
Starting Out
HomeForumsStarting OutHow is the Market in Zip 48224 and 48227
Puneet Sharma's profile image
Puneet Sharma's profile image
Puneet Sharma
Pro Member
  • Member since Jun 30, 2021
Connect

User Stats

12
Posts
5
Votes
Puneet Sharma's profile image
Puneet Sharma's profile image
Puneet Sharma
Pro Member
  • Member since Jun 30, 2021
Connect
Puneet Sharma
Pro Member
5
Votes |
12
Posts
Starting Out

How is the Market in Zip 48224 and 48227

Puneet Sharma
Pro Member
Posted Aug 11 2023, 16:20

Hello Fellow Investors,

Looking to help out a friend. He's looking to start his real estate journey and found an agent through a forum who is suggesting to start investing in Detroit, MI (Zip 48224 and 48227). The agent is offering to find a property, rehab, and manage it as well. He's getting numbers like $80K for a 2Bed 2Bath single family homes, additional $20 for rehab, so total under $100K and rent estimate is around $1000. But he's not sure about the area or potential growth in Detroit market. Any comments/feedback/suggestions would be helpful. Thanks in advance!

Detroit, Michigan
1 Vote
Follow
9 Replies
Jump to Last Reply
Log In or Sign Up to Reply
Sort By:

Loading replies...