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Updated over 4 years ago on . Most recent reply

Karl Danticat's profile image
Karl Danticat's profile image
Karl Danticat
  • Real Estate Agent
  • from Yonkers, NY
  • Member since Jun 26, 2020
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Karl Danticat's profile image
Karl Danticat's profile image
Karl Danticat
  • Real Estate Agent
  • from Yonkers, NY
  • Member since Jun 26, 2020
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Karl Danticat
  • Real Estate Agent
  • Yonkers, NY
2
Votes |
3
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General Real Estate Investing

Building Property in Detroit

Karl Danticat
  • Real Estate Agent
  • Yonkers, NY
Posted

I'm interested in investing in Detroit, through www.buildingdetroit.org. I live in NY. It'd be my first BRRRR. Any thoughts?

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Stewart Beal's profile image
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Stewart Beal
  • Investor
  • from Ann Arbor, Michigan
  • Member since Aug 1, 2013
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Stewart Beal's profile image
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Stewart Beal
  • Investor
  • from Ann Arbor, Michigan
  • Member since Aug 1, 2013
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Stewart Beal
  • Investor
  • Ann Arbor, MI
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Stewart Beal
  • Investor
  • Ann Arbor, MI
Replied

If you want to invest in Detroit I would recommend you move here.  I just don’t see out of state investing working in Detroit.  You will need to put sweat equity in the deal and oversee every aspect of everything.  Just my 2 cents. 

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