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Updated over 15 years ago on . Most recent reply
![Jerome Stover's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/23370/1621362322-avatar-loanman.jpg?twic=v1/output=image/cover=128x128&v=2)
Newbie Wholesaler in Detroit
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.
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![Dawn Vought's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/6809/1621347899-avatar-hopeful_homes.jpg?twic=v1/output=image/cover=128x128&v=2)
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