Why Jackson MI? And where?

[Account Closed]

I'm starting to look into investing in buy and hold properties in Jackson MI. What areas should be avoided and where are the hot spots for great cash flow with decent tenants. Also why would Jackson be a good area to invest in? What's with all the hype with investing in Michigan? Can't wait to hear your thoughts.

[Joe Villeneuve]

Not sure about Jackson, MI.  My partner lives there and she might invest there, but there are other areas that are better not far from there.

The hype in MI is simple. Buy low, ARV high enough for flipping and more importantly refinancing. Higher rents per sq ft, lower property taxes. All of this makes for the ability to get very high CAsh Flow, with a PM and refi mortgage in place...and the opportunities are many.

I work with a number of California investors that flip in their state, but can't do much in the way of holds since they would need to rent their 1000 sq ft 3/1 for over $3k to make it cash flow with the above stated conditions.

Here, you could take that same $50-70k, and buy a house, all cash and refi, that will cash flow over 300-400/month.

Joe V