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Updated over 2 years ago on . Most recent reply
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Real Estate Investor from Detroit!
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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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.
- Joe Hammel
- [email protected]
- 330.844.5209
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