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Updated 4 months ago on . Most recent reply
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New Investor in Michigan looking for agents
Hey Everyone! I am an out of state investor looking to scale up and purchase a ton of section 8 properties in Detroit. I already have a lender and a long list of properties I am interested in. I just need someone to be professional and help negotiating. Get back to me if you can help!
Most Popular Reply
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Hey Bob, happy to talk all things Detroit and share some great resources about the market.
I invest there from California and own 12-doors in Detroit proper today.
Section 8 can be ok but comes with risks that a lot of folks don't talk about. Feel free to search the forums or, again, I can send you some resources. I'm going through a Section 8 eviction on one of my home right now.
Detroit is also notoriously tough to analyze. If you're looking at "turnkey" properties under $60k today you're probably in D Class areas.
Beyond that, there's a lot of nuance. So just be mindful of what you're buying and where, who you're trusting, and make sure you do a bunch of research.