Investing in Detroit
I've been investing in Michigan for a few years, but haven't ventured into Detroit until now. I've got some leads on nice houses, but I don't know the neighborhoods. I understand Detroit has a checkered history with bad areas, but I don't know what the recommended areas for rental properties are right now. Is there anywhere I should avoid? What are the best markets for SFRs that I should be looking at?
Carolyn
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Michael Smythe
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Property Manager
#3 Classifieds Contributor
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- Metro Detroit
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Michael Smythe
#3 Classifieds Contributor
Property Manager
#3 Classifieds Contributor
- Real Estate Agent
- Metro Detroit
@Carolyn Guertin investing in Detroit should be done on a block-by-block basis.
That's actually difficult to do, so we ranked 104 of Detroit's Neighborhoods on our site as Class A, B, C or D to help investors make better decisions and NOT get ripped off.
NEVER try to invest in Detroit using zip codes! Too big an area.
- Michael Smythe
Logical Property Management
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