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Updated about 5 years ago on . Most recent reply

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14
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6
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Anand Mundada
  • LA
6
Votes |
14
Posts

Detroit - things to research before investing

Anand Mundada
  • LA
Posted

I got attracted to the Detroit area for real estate investment because of affordability and amazing cash flow. What things should be careful about my investment properties?

Few things which I read about Detroit is

1) population is not growing

2) Crime rate is high

Any areas which I should consider for B class?

Most Popular Reply

User Stats

384
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310
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Keyonte Summers
  • Harper Woods, MI
310
Votes |
384
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Keyonte Summers
  • Harper Woods, MI
Replied

Research the area and blocks, the amenities, the type of finishes you should look for. Dont give Detroit rental Cali finishes you wouldnt get the proper return. If your looking for B class properties expect to pay for them. Good neighborhood cost and often over-saturated. Looking for the area's that are up and coming to turn into B class neighborhoods your return will be better and the home will appreciate more. 

The best thing to do is just to come and visit, first hand knowledge will help you make the decision on what your really looking for.  

  • Keyonte Summers
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