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Updated about 1 year ago on . Most recent reply

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Need help for Detroit investments

David C Heiling
Posted

Hello all!

David here. 

I've been looking at investing in short-term rentals for a few months, but I have turned my attention toward longer term. I need some help knowing the best locations and bouncing my potential addresses off someone familiar with the area. I'd also like to find local financing as well. Looking at some places in the $60k-$100k range. Would be interested in acquiring two that would get me about ~$600 cashflow per month to start out.

Lmk if you can help me. 

Thanks a lot!

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Michael Smythe
  • Property Manager
  • Metro Detroit
2,512
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4,190
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Michael Smythe
  • Property Manager
  • Metro Detroit
Replied

@David C Heiling

We created a "Deep Dive" series here on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider:

https://www.biggerpockets.com/member-blogs/3094/99854-deep-dive-into-metro-detroit-cities-ecorse

We're not aware of any other local property manager, agent, turnkey provider, flipper or wholesaler that's made the commitment to do this!

Our analysis is a template you can follow for any city, but doubt you'll find this much info for any other market in the US.

Please DM us any additional questions.

  • Michael Smythe
business profile image
Logical Property Management

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