Investing in Detroit & Louisiana

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Investing in Detroit & Louisiana

Nikki Nicole
Investor · CA · Member since 2021 · 70 posts · 15 votes

Hello fellow investors is anyone investing in the Detroit or Louisiana area ? I’m curious about these areas :) 

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Drew SygitBusiness Member
Property Manager · Royal Oak, MI · Member since 2012 · 13k+ posts · 9k+ votes
2y

@Nikki Nicole

Detroit is amongst the national leaders in appreciation and growth.

We have the goal of helping OOS investors make the right decisions when investing in Detroit!

Too many investors get scammed into buying the wrong properties in the wrong Neighborhoods:(

That's why we're working to list and rank all of Detroit's 183 Neighborhoods on our website.

[email protected]248-209-6824
Logical Property Management4.9462 Reviews
WebsiteView Page
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  • Clint Galliano
    Real Estate Agent · Houma, LA · Member since 2016 · 240 posts · 115 votes
    2y

    I invest in Louisiana, but mainly because I live here.

    0Reply
  • Drew SygitBusiness Member
    Property Manager · Royal Oak, MI · Member since 2012 · 13k+ posts · 9k+ votes
    2y

    @Nikki Nicole

    Detroit is amongst the national leaders in appreciation and growth.

    We have the goal of helping OOS investors make the right decisions when investing in Detroit!

    Too many investors get scammed into buying the wrong properties in the wrong Neighborhoods:(

    That's why we're working to list and rank all of Detroit's 183 Neighborhoods on our website.

    [email protected]248-209-6824
    Logical Property Management4.9462 Reviews
    WebsiteView Page
    4Reply
  • Travis Biziorek
    Investor · Arroyo Grande, CA · Member since 2014 · 1k+ posts · 1k+ votes
    2y

    Hey Nikki, I invest in Detroit (12-doors there) and live in California. I also help other investors get started there with my team.

    It's a great market but you really need to understand the landscape and risks. People look to Detroit for cash flow, and you can definitely find it there, but the median price has also doubled in the last 5 years.

    I would not be surprised to see it double again in the coming 5+ years too. The city is going through a huge revitalization and folks are finally taking notice.

    1Reply
  • James Wise
    Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 31k+ posts · 20k+ votes
    2y
    Quote from @Nikki Nicole:

    Hello fellow investors is anyone investing in the Detroit or Louisiana area ? I’m curious about these areas :) 


     I'd go with Detroit over Louisiana. Building properties on swamp land is a no gooder.

    0Reply
  • Clint Galliano
    Real Estate Agent · Houma, LA · Member since 2016 · 240 posts · 115 votes
    2y
    Quote from @James Wise:
    Quote from @Nikki Nicole:

    Hello fellow investors is anyone investing in the Detroit or Louisiana area ? I’m curious about these areas :) 


     I'd go with Detroit over Louisiana. Building properties on swamp land is a no gooder.


     While Louisiana does have lots of swamp areas, the areas most people invest in are not "swamps". FYI 

    0Reply
  • Mikelle Willis
    Member since 2023 · 9 posts · 3 votes
    2y
    Quote from @Drew Sygit:

    @Nikki Nicole

    Detroit is amongst the national leaders in appreciation and growth.

    We have the goal of helping OOS investors make the right decisions when investing in Detroit!

    Too many investors get scammed into buying the wrong properties in the wrong Neighborhoods:(

    That's why we're working to list and rank all of Detroit's 183 Neighborhoods on our website.


     Hi Drew!  I'm going to send you a message.  Thanks!

    0Reply
  • Scott Mac
    Austin, TX · Member since 2019 · 5k+ posts · 5k+ votes
    2y

     I did a virtual drive through Faygo town a few days ago, which I think is called the Hunt neighborhood.

    There appeared to be a lot of empty acreage of stubbed in lots . 

    I say stubbed in lots because each of those lots used to have a home on it most likely, or a business . 

    Lots of electrical wires still on the poles waiting to service houses that could be built there. 

    I also noticed the grass had grown over the sidewalks so you could not see them, and in some areas was creeping got on to the roads the same way . 

    I thought how ironic the neighborhood is called Hunt (at least I think it is--maybe I had ventured into another area on Google drive), And my thoughts about how it looked was it looked like some place you could go pheasant hunting due to the lack of buildings , and the amount of open ground . 

    A very pretty area and the few houses that were left in the area looked to be in reasonable shape. Not the dilapidated look Detroit is known for in some neighborhoods . 

    I'm not saying This is the best area to invest in I'm just saying I was surprised at the amount of open ground and how far I could see in the distance.

    Just my 2 cents.

    From the  internet (NOTE I did a virtal drive through not in person):


    if you go there be careful.


    The McDougall-Hunt neighborhood in Detroit has ahigher risk of crime, with a CAP Index score of 8 out of 10. This is higher than the national average of 4, and the risk is highest for violent crimes.  Detroit is ranked among the top 100 most dangerous cities in the United States, based on crime data.



    0Reply
  • Scott Mac
    Austin, TX · Member since 2019 · 5k+ posts · 5k+ votes
    2y

    What is Faygo?

    A local delicacy. See here:

    https://www.youtube.com/watch?v=_Hu3DrW3K4M

    https://www.youtube.com/watch?v=jvZN8wepLp0

    0Reply
  • Michael SmytheBusiness Member
    Real Estate Agent · Metro Detroit · Member since 2023 · 4k+ posts · 3k+ votes
    2y

    @Scott Mac you've got to know where to invest in Detroit to avoid getting taken advantage of or just plain making a big mistake.

    Detroit investing is block-by-block, which is difficult for OOS investors to do.

    Zip codes are statistically too big.

    That's why we've spent considerable resources ranking Detroit's 183 Neighborhoods. 
    -Statistically, it's a significantly better approach than zip codes and we assist with block-by-block evaluations when necessary.

    Logical Property Management4.9457 Reviews
    WebsiteView Page
    1Reply
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