Starting out in Detroit

[Lisa K.]

Hi Everyone

I am an intern architect based in Downtown Detroit. Although young and new to real estate, I have experience designing and building throughout the city. At this point, I’m looking for that starter investment- either a duplex I can live in while renovating the other unit, or a small house that I can rent out. How has this approach worked for you?

Because of my location – I would like to hear more about your experience investing in what are considered “risky” or “upcoming” neighborhoods. Values are low in Detroit’s market (surprise!) but in some neighborhoods values are rapidly growing and expanding. Ideally I would like to snap up a few foreclosures while they’re cheap and help contribute to the area growth.

I have been reading, listening to, and observing BiggerPockets for a while. This is a great site, and paired with local connections are really helping build up my knowledge and confidence. Thank you!