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Updated over 2 years ago on . Most recent reply

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Real Estate Investor from Detroit!

Damiete Horsfall
Posted

Hello BP Community! I am a real estate investor looking to increase activity in the Metro Detroit Area. I have lived in Ann Arbor, and Detroit and worked in Dearborn as a Professional Engineer. I would love to connect and network with my fellow RE Professionals so that we can hopefully make a difference together :-)

There is so much potential in the Metro Detroit Area and I am excited and looking forward to being a part of the renaissance!  

Let's connect!

Most Popular Reply

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550
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Joe Hammel
  • Real Estate Agent
  • Metro Detroit, MI
615
Votes |
550
Posts
Joe Hammel
  • Real Estate Agent
  • Metro Detroit, MI
Replied

Welcome! We love it here!

Can point you in the right direction to all the resources you would need to build a team.

My Personal portfolio is here and it cash flows extremely well and is low maint.

Here are some of the types of properties that we find work the best...

Purchase: $80k-$130k

Rent: $1200-$1500

ROI: 10-14%

Cash flow: $250-$350/door

Appreciation: Double digit (for past 10 years, will gladly send data)

Location: C, B- (suburbs and certain markets)

We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, mortgage, Amazon fulfillment, and more jobs.

The bad reputation comes from OOS investors wanting $20k D market properties. We don’t buy those lol.

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FIRE Realty Team - Keller Williams
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