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Michigan Real Estate Q&A Discussion Forum
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Updated about 8 years ago on . Most recent reply

User Stats

15
Posts
8
Votes
Eddie Williams
  • Southfield, MI
8
Votes |
15
Posts

Approx how much capital is needed to get started in Detroit mkt?

Eddie Williams
  • Southfield, MI
Posted

Hello all.  I would like to do my first deal this year (well, my first deal in over 20 years anyway).  I plan to buy and flip a house in Detroit.  Plan to purchase with cash or do 20% down and finance the purchase (my preferred method would be to pay cash).  The rehab, however, I am looking to finance.  At this point, everything is just in the planning stage and I have been out of the market for a long time, just trying to get a feel for how much I will need to get started.  Thanks!

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