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Updated over 10 years ago on . Most recent reply

User Stats

115
Posts
8
Votes
Filipe Matos
  • Investor
  • toronto, Ontario
8
Votes |
115
Posts

Looking for investments in Detroit

Filipe Matos
  • Investor
  • toronto, Ontario
Posted

Hi all, 

I am looking for multi family/ apartment buildings in Detroit, 

What is the best way to buy in Detroit? MLS listings seem too expensive and I heard of foreclosers websites/wholesalers ,etc... Do you know where to look?

Does anyone have experience with buildings with over 15 units? it seems some sit half empty , even a few minutes from downtown.

thank you

Filipe

Most Popular Reply

User Stats

115
Posts
8
Votes
Filipe Matos
  • Investor
  • toronto, Ontario
8
Votes |
115
Posts
Filipe Matos
  • Investor
  • toronto, Ontario
Replied
Originally posted by @Peter Grosso:

@Filipe Matos  we are renovating, renting and selling a 64 unit building right now.  We plan on selling it for 3.5M after it is completed.   If you want it before we complete the project perhaps we can find a price.  

 Hi Peter, that is something I will look at in the future, I mean the size, not the price :)

May I know in which neighborhood is the building located?

I would like to buy something in bad shape but with running water, electricity and heating is possible :)

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