1 in 5 Detroit Rentals face eviction EVERY YEAR

[Keith Jourdan]

http://www.detroitnews.com/story/news/special-repo...

1 in 5 Detroit Rentals face eviction EVERY YEAR

Great article regarding rentals in the city of Detroit by the Detroit News. 

I get messages every week on here for years now from out of state investors interested in buying property in Detroit, drawn by the unbelievable cash flow potential. Yes you can buy a house here for $30k that rents for $700. But the reality will play out much differently. Tenants will not pay/theft from houses/highest home owners insurance/tax rates in the country/vandalism....the list goes on.

just a few miles outside of the city .......We have GREAT cash flow numbers in the suburbs compared to most large markets, great suburbs with low crime and great tenants. . The average deal I do in the suburbs is $80-115k and rents for $1000-1300. These are safe areas you can walk at night, no burned down houses.

City of Detroit investing is not for the faint of heart, I have seen too many out of staters get burned. Stick the suburbs where there is more than enough money to be made!

[Keyonte Summers]

I agree and disagree it’s all about the location you do your research and pick the good areas you reduce your risk I have a few properties in east English village that hasn’t give me any headaches as of yet.