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Updated about 4 years ago on . Most recent reply
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Investing in the Metro Detroit Area
Hello,
I am a part time investor in Metro Detroit. I work full time and I have 5 rentals. Three of my current rentals are in Royal Oak, and the other two are in Macomb county. I am looking to purchase at least 4 more rental properties in the upcoming couple of years. If we can be of benefit to each other lets connect and make some deals happen!! Feel free to reach out.
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Detroit or Metro Detroit? Fix and Flip or Fix and Hold? Section 8 Renters or Cash?
There are successful investors in Greater Detroit. To reach their success, these investors have had to implement different real estate investing models to see what works in this economy. You can acquire investment real estate in Metro Detroit for any budget; discount homes in Detroit may need major renovation. The fix and flip market is hot! Completely renovated homes in Metro Detroit are selling for $130,000-$220,000 the same day they are listed (Detroit homes are going for $40k and up depending on the neighborhood). Quality rental properties are being rented for $750-$1,800 within 5-30 days. The market can be fun here for real estate investors. You just have to work the right model in order to have success.