Flint, MI Rental Properties

[Desmond Fitch]

I’m from Flint, MI and starting my real estate journey there never crossed my mind, for obvious reasons. But then I heard a BP podcast about a woman who invests in rentals in Detroit which is a similar market to Flint. She bought livable homes for dirt cheap and started renting them out. She said something along the lines of “There‘s no such thing as a bad market, just bad landlords. Everyone needs somewhere to live. Just because they’re poor doesn’t make them bad people.”. This really opened my eyes to the opportunity right in my backyard.

I already have some knowledge of the market, the neighborhoods and people in them as I lived there for 18 years. I have been searching around and found some potential leads such as homes for pretty cheap in decent areas.

Does anyone have any experience investing in low income areas such as Flint or Detroit? Would it be a good idea to start my rental portfolio here since I don’t have a huge budget?