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Updated about 4 years ago on . Most recent reply

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13
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3
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Jason Collins
  • Investor
  • Plymouth, MI
3
Votes |
13
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Metro Detroit - Choosing Area for 1st Property to BRRRR

Jason Collins
  • Investor
  • Plymouth, MI
Posted

Hello. I've been a member of this site for a few years now, but am only now looking to get active here. I would appreciate if anyone might be able to help me narrow down my search area for my first rental property - either single family or a small multi-unit. Looking for advice from those that are familiar with southeast Michigan (Metro Detroit area). Trying to decide what city (or cities) are best to invest in. A few years back I remember reading that Redford, MI was actually a very hot area to invest in and had a great ROI. I'm not sure if that is still the case. Aside from the actual city of Detroit (where some houses are insanely cheap), what are some good areas to look in for a first investment property. Thank you!

Most Popular Reply

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4,081
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1,596
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George P.
  • Property Manager
  • Livonia, MI
1,596
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4,081
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George P.
  • Property Manager
  • Livonia, MI
Replied

I have rentals in all those... except canton

its all high man.. it's crazy. It doesn't cashflow anymore. Unless u find an off market deal and even then they stil need 50-60k in rehab to pass all codes

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