Locations to buy and hold

[Nader Hachem]

Hey guys! I’m beginning look to buy my first property for a buy and hold. I wanted to see if anyone had experience in these areas and if they’re good areas to rent in. (Property wise and tenant wise)

Redford twp, Mi

Taylor, Mi

Dearborn Heights, Mi

Melvindale, Mi

What things would you look for in these areas? What are some good and bad things about these areas, if any

[Nader Hachem]

@Jordan Jones after some research I’ve figured that Melvindale has much smaller houses that don’t really cash flow well due to lower rent. Makes me feel good knowing I could eliminate that from my selection.

Dearborn heights is good too... it does cash flow well (according to what I’ve been seeing) one issue is there’s a big flood zone. Requiring to pay/deal with flood insurance on your rentals.

Redford has been looking like my best options. I’m looking to connect with investors and property managers in that area to get a better idea. Thanks for the input Jordan!