Do you hold low income rentals? High crime rate rentals?

[Matt Cramer]

I'm looking into the Detroit market and surrounding areas. Pontiac seems to be low cost houses decent rent but high crime. What do you look at when investing in areas with home prices below $50k? Do you do it? Why or why not? Is cashflow the ultimate deciding factor or not? 

[Richard Dunlop]

@Saul L.

@Saul L.

@Saul L.

@Saul L.@Corwin Hernandez@Lisa Phillips@Matt Cramer@Christian Hutchinson@Elizabeth Colegrove@Al Williamson@Kerry Baird@Dan Oliver@George P.@Wendell De Guzman

I've said it a 100 times "It takes more than a Property Manager to be successful in Detroit."

While I defend Detroit and think it is without a doubt the best place in the world to invest in Real Estate, I'll say it again:

"It takes more than a Property Manager to be successful in Detroit."

Where else can you get 300% first year return on your investment. That is the minimum standard I set going into any investment.

I stay out of the war zones do your pictures and videos from out of town allow you to do that? Are you sure?

I pick a house with 2 adjoining properties well maintained that agree to watch my house for me and I have their number and they have mine. Do you do that?

Does your Turn Key seller respond faster than the Police? I DO!

I have someone check any vacant house every other day in addition to the neighbors that are watching it for me.  Does your property manager do that?

I have gotten the property taxes cut to less than 1/10th of what they were on a permanent basis. (Raise can only be rate of inflation (This year 3/10th of 1%) Who is doing that on your behalf?

An investor from the UK bought the above house for $83,000.

I bought it from his foreclosure for about $2000. Do you think it was hard to figure out how to make more than 1000% on that one? (It wasn't hard!)

Who do you think can appeal the Property Taxes better? The guy that bought it for $83,000 and is trying to tell the city it's not worth the $55k they have as the Fair Market Value or someone that bought it for $2000?  

It takes more than a Property Manager to be successful in Detroit, but I could not have done what I have done in any other market.