Detroit or Cleveland? Or any other?

[Tushar Shetty]

Hi,

Foreign buyer, first time home buyer in USA. My price range is $10,000 to $15,000 and looking for consistent rental income properties, and appreciation being second on my list. As this is my first property, so want to take chances with just the above price range mentioned. So is Detroit or Cleveland good for rental income purpose? As I can see there are many properties around that price range in Zillow and Trulia.

[Matt Motil]

Hi Tushar, 

You could buy loads of properties in most of the mid-western USA markets for around that price, but you might not be happy with what you end up with. My recommendation would be to get in touch with a reputable property manager in these markets and have them help you locate a property that would meet your needs and budget. In the Cleveland market, Holton Wise Property Group and @James Wise is a good source for the central part of town. I predominately focus west and south of their target markets, and would be willing to help too. I can't help you with Detroit, as I don't operate there. 

Hope that helps. 

Matt