buying investment property in Detroit

[Ane Deys]

Hello all,

I am a newbie into investing with 1 rental property under my belt.  I have been looking and doing some research on different areas to invest into and so far I have gathered information on which zip codes to avoid, the crime data for Detroit & neighboring cities/towns, rental values, demographics &  economic outlook. however, I haven't been able to narrow down on any particular neighborhood yet. I did connect with a realtor in Detroit from BP find an agent tool.

I read a few comments from some of you currently investing in Detroit area. Do you have any recommendations on which cities/ zip codes you find better and which company would you recommend for property management? any ideas / advice will be greatly appreciated.

[Melanie P.]

Detroit seems to be a great market if you're going to be doing the flipping. For turn key rentals I'd urge you to consider first something you can self-manage from home followed by Ohio, Texas, North or South Carolina.