New member from Michigan

[Tony Sierra]

Hello new member here from Northern MI. Im a college student trying to learn as much as I can. Interested in buy and hold rentals and flipping. I hope to take action on my first deal within a year.

[Johnathan Alesso]

Hi there!

My husband is from Michigan and I have learned quite a bit about the Michigan market.  I would avoid the City of Detroit as many banks will not finance homes due to the lack of reliable public and utility services.  However, the Detroit suburbs have plenty of cash flow opportunities.  I think particularly of Livonia.  You may also want to check out the Lansing area. 

As for Northern Michigan, the Traverse City area has become expensive and tourist-heavy.  I might focus more on the central northern region.  The UP may be too desolate to rely on consistent tenancy.  You may face long vacancies, especially during the winters. 

Overall, Michigan, along with the general Midwest, is the best region in the country for cash flow.  If you have a salary and a decent credit score, you should have no problem getting a loan for a deal. 

I hope this helps!

Johnathan