Investing in homes in MI

[Delmas Edwards]

When looking for a lender that will fund your project what are the main things to look for or ask if you have a project like this?

Sale Price: 34,900    Comps in Area: $60K- 70K   Nice Neighborhood

2 beds2 baths1,053 sqft

Renovation Cost: 20 K

[Joe Villeneuve]

Originally posted by @Brian Sullivan:

Hi Delmas,

I am new to the forum but I too am an investor here in metro Detroit (suburbs). I have 17 properties that I rent out. Finding properties is a challenge these days but they are out there. I purchased one off the MLS back in July. It was a good deal I believe based on the numbers.

You should think about networking with one of the REIA groups in the area. I am with Oakland REIA and we meet monthly. Great opportunity to network with other investors. I have been a member going back as far as the 1980's.

@Brian Sullivan  Let me get this straight.  You are in MI, investing in MI, and you can't find properties to invest in?  Me thinks you are looking in the wrong Market...and need to change...fast.  SE MI is the land of opportunity.  If you can't find a property that works, also may need to read just your methods of analysis...as well as your GPS for finding them.