Detroit MI property acquisitions

[Craig Bellot]

Hi all, we've selected Detroit MI and its surroundings, Lansing, East Lansing as a potential city for acquiring properties. Looking to network with any agents or wholesalers here who have listings they need to sell. We like multifamily with a ROI cash on cash of 15% and higher. Let me know or PM if any of you would like to connect. Thanks.

[Brian Beadle]

With the investments from Dan Gilbert (Quicken Loans) and many new businesses, the city has taken on an entirely new demographic and feel.  Its younger, hungrier and best of all optimistic. Quicken loans alone has five locations and 14,000 employees with plans to add another 1100 more just announced.   The Red Wings are building a new $627M stadium along with recently redone Comerica Park and Ford Field. If you like sports, this is your town!

The problem arises with the way the city is divided. It is very racially tense and that isnt something a new Starbucks and Cheesecake Factory location can fix. Immediately outside of downtown is where the poverty starts, and it continues for miles until you reach the outside lines where it becomes unfathomably affluent in the Bloomfield areas.

Have a look Here at this article and you can see a visual map of the demographic, truly eye opening. Detroit is still a VERY dangerous city and it will remain this way until the race and poverty issues can be solved. Unfortunately I don't see that happening any time soon.