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Updated 9 months ago on . Most recent reply

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Hamidou Keita
10
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27
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Newbie interested in Detroit real estate market-Could you recommend a reliable agent?

Hamidou Keita
Posted

I am a first time out of state investor interested in buy my first rental property in Detroit that can cash flow after fixing and gain equity. Could you recommend a reliable agent and property manager that I can work with to kick start my journey?

  • Hamidou Keita
  • Most Popular Reply

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    Drew Sygit
    #1 Market Trends & Data Contributor
    • Property Manager
    • Royal Oak, MI
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    Drew Sygit
    #1 Market Trends & Data Contributor
    • Property Manager
    • Royal Oak, MI
    Replied

    @Hamidou Keita you ant to be careful in selecting an agent and a PMC!

    +95% of agents have only done owner-occupied transactions, which are mostly emotional-based. As an investor, you should only make numbers-based purchases.

    Also, agents are only transaction-based - if they make a mistake (or choose to take advantage of your naivete) they still get their commission check and can disappear:(

    So, a great PMC is often the best choice to start with, since they obviously know the rental market and they have to deal with whatever they help you buy, on a daily basis after the purchase!

    PM us for more info.

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    Logical Property Management.
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    1 Review

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