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Updated over 5 years ago on . Most recent reply

User Stats

27
Posts
6
Votes
Juan Avalos
6
Votes |
27
Posts

Detroit Investing or Roof Stock

Juan Avalos
Posted

Hey everyone and GM!!  So I'm a little stuck!   I have around $40k cash!  Should I invest in a Detroit and buy a cash house/duplex or use that money for a down payment in a better place through ROOF STOCK?  Also has anyone heard of CITY MANAGEMENT GROUP in Detroit?

I have found some houses n Detroit for $25-30k cash that might need less than $5k to be livable in and can get around $600-700 a moth. Then again I look at roof stock and they look all clean and ready to rent out but of course are more money to buy ( $80-90k)  but the rent on these I can get from are from $800-1000 which is almost the same I can get from the Detroit deals with $50k less !!!    I'm ready to invest and just put my foot in the door, but I'm leaning towards Detroit this way I wont have any Mortgage payments :-) thoughts?

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