Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Innovative Strategies
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

22
Posts
9
Votes
Joseph Lewis
  • Rental Property Investor
  • Ann Arbor, MI
9
Votes |
22
Posts

Detroit Michigan - Ann Arbor Michigan / Surrounding

Joseph Lewis
  • Rental Property Investor
  • Ann Arbor, MI
Posted
What is the deal with Detroit? Every post I read is filled with negative opinions. Is Detroit similar to Washington DC a few years ago? Where locals knew the few bad streets to stay away from but the general population thought of DC as one large ghetto? I lived in DC the last few years, it was great being able to eat at restaurants and walk home. I recently moved outside of Detroit and have gone up a few times to drive around and scope 'where not to invest' I don't see Detroit as it's been portrayed for so many years..... It's a city, you can find rough areas if you search but its definitely on the up and up! What am I missing guys? Why are all posts telling me not to invest in buy and holds in Detroit?

Most Popular Reply

User Stats

305
Posts
361
Votes
Keith Jourdan
  • Property Manager
  • Metro Detroit, MI
361
Votes |
305
Posts
Keith Jourdan
  • Property Manager
  • Metro Detroit, MI
Replied

I own/manage 60+ single family homes in the Metro Detroit suburbs . Cities such as Westland /garden city /Dearborn heights /Redford areas . Great cash flow with great tenants can be had in these areas . All about 15 min from city of Detroit .

As far as the city of Detroit goes , a lot of challenges for investors . Downtown and a few small areas are A rental locations , but these areas have become expensive and will not cash flow . The other 95% of the city is low income areas with sub $50k houses with a bad tenant base . Difficult to find good tenants , difficult to do rehabs due to theft etc.

  • Keith Jourdan
  • Loading replies...