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Updated over 15 years ago on . Most recent reply

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2
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Jerome Stover
  • Detroit, MI
0
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2
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Newbie Wholesaler in Detroit

Jerome Stover
  • Detroit, MI
Posted

Anybody from the Detroit, MI area? I'm a newbie/wannabe wholesaler. [LET ME KNOW] if you live in this area and you have experience and similar interests. Thanks.

Most Popular Reply

User Stats

351
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33
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Dawn Vought
  • Buy and Hold Investor
  • Commack, NY
33
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351
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Dawn Vought
  • Buy and Hold Investor
  • Commack, NY
Replied

You can get cheap cash flowing houses in Detroit. I'm in contract to purchase one right now for $16,900 that was just rehabbed earlier this year that has a tenant paying $500 per month rent. The house is supposedly worth about $56K, although that's only based on internet appraisals and not a real appraisal.

I actually have too much going on right now and am not really set up in Detroit with a team, so I will probably back out of this deal, but if you're interested let me know and I'll connect you to the wholesaler that brought me the deal (for no charge).
Dawn

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