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Updated over 7 years ago,
Detroit,MI investing advise
Hi all. I am new to BP and like many others here after reading Robert Kiyosaki's books got my mind set on real estate.I am getting an equity loan from my primary residence and was wondering if it is a good idea to invest in Detroit ,MI.Doing a little research and it looks like some areas are getting good appreciation.My plan is to buy and hold, get cash flow going and if the value goes up even better. The problem is .... I am from NY and have a full time job so a turnkey or a PM company are my options.Unless there is another way. Any thoughts,advise?