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Updated almost 9 years ago on . Most recent reply

User Stats

8
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1
Votes
Michael O'Connell
  • Financial Advisor
  • Clarkston, MI
1
Votes |
8
Posts

Areas BPers are Investing in Metro Detroit, Michgan

Michael O'Connell
  • Financial Advisor
  • Clarkston, MI
Posted

Good Afternoon BP, 

I'm deciding what area to focus my investing on and wanted to get some opinions. This will be my first year investing after much studying and am interested primarily interested in a Duplex or Triplex to House Hack in metro Detroit(Oakland County). For those of you that are somewhat familiar with the area, what area or area I focus on for a new investor?

Also wouldn't be opposed to the single family idea, If any of you feel you have some advice in that category.

I want to buy and hold for rental income is my goal.

Thanks ahead of time, any advice is much appreciated!!!

Most Popular Reply

User Stats

245
Posts
105
Votes
Jon W.
  • Flip and Buy/Hold Investor
  • Rochester Hills, MI
105
Votes |
245
Posts
Jon W.
  • Flip and Buy/Hold Investor
  • Rochester Hills, MI
Replied

@Michael O'Connellthe best rental cities in Oakland county are those just north of Detroit (Oak Park, Hazel Park, Madison Heights, Ferndale, Royal Oak).  In Ferndale and Royal Oak you get worse returns but a little better tenant. At least that is my opinion. Good luck. 

Jon

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