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Updated over 4 years ago on . Most recent reply

Venkat M.'s profile image
Venkat M.'s profile image
Venkat M.
  • New to Real Estate
  • Member since Oct 3, 2020
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Venkat M.'s profile image
Venkat M.'s profile image
Venkat M.
  • New to Real Estate
  • Member since Oct 3, 2020
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Venkat M.
  • New to Real Estate
1
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7
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Starting Out

New here. Looking to buy in Farmington, MI

Venkat M.
  • New to Real Estate
Posted

Hi All, This is a great forum. I am new here and looking to buy my first rental in suburban Detroit (Farmington, Southfield, Novi, Birmingham). Looking to connect with others who are familiar with the area. 

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Joe Hammel's profile image
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Joe Hammel
  • Real Estate Agent
  • from Metro Detroit, MI
  • Member since Nov 16, 2018
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Joe Hammel's profile image
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Joe Hammel
  • Real Estate Agent
  • from Metro Detroit, MI
  • Member since Nov 16, 2018
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Joe Hammel
  • Real Estate Agent
  • Metro Detroit, MI
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Joe Hammel
  • Real Estate Agent
  • Metro Detroit, MI
Replied

Welcome @Venkat M. I've lived in and have a rental in Southfield. I now live in Farmington Hills. All 4 of these markets are Good to Great to Excellent. Out of these 4, Southfield is most likely to have a BiggerPockets type ROI, investors are looking for in traditional Buy and Hold. The other 3 would most likely be a large play on "equity", through loan pay down and appreciation.

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