Michigan Real Estate Q&A Discussion Forum
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 8 years ago,
Approx how much capital is needed to get started in Detroit mkt?
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!