Southfield and Royal Oak Metro-Detroit Markets

[Luke Kurili]

Been searching for my first property in the Metro-Detroit area. Have secured roughly $80,000 to finance the property. I’ve been researching the different markets and have been looking into Southfield and Royal Oak, Michigan. I noticed that in Royal Oak the market seems flooded with rentals and for sale houses, and in Southfield it seems like there are tons of apartment complexes. Was hoping to get feedback from investors in this area on if this is really the case and if the market for 1-4 unit rentals in these areas are too flooded at the moment. Could be totally wrong about this! Let me know your thoughts, thanks.