How is it Investing in Detroit

[Joseph Gary]

Would like to hear people's experiences investing in Detroit. 

[Joe Hammel]

@Joseph Gary

We love Metro Detroit

(my entire rental portfolio is here)

The ticket is just to know what to buy and not get tempted by the stuff you shouldn’t lol.

Purchase: $80k-$130k

Rent: $1200-$1500

ROI: 10-14%

Cash flow: $250-$350/door

Appreciation: Double digit (for past 10 years, will gladly send data)

Location: C+, B- (suburbs and certain markets)

We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, and mortgage industry National footprints. Ever hear of Ford, Rocket mortgage, or Beaumont hospitals? All complimented with Amazon fulfillment centers, google, and more tech manufacturing jobs.

The bad reputation comes from OOS investors wanting $20k D market properties. We don’t buy those lol.