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Updated over 8 years ago on . Most recent reply
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Investing in Detroit Metro Area - Need Advice
Hello BP member from Detroit
I am an active investor from Houston, TX and I am planning to start investing also in Detroit Area.
Someone I know recommended Hazel Park and Madison Heights as a good place to start
Just want advice from locals about the following
- areas you may recommend for rentals and Fix and Flips.
- Areas to avoid
- Good local real estate groups
- An investor Friendly title company
Thanks for your great feedback.
I am planning a trip to Detroit in the next month to learn more about the area and right now I am just doing research prior to trip
- Hector Perez
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Most Popular Reply
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I use both "Greater Macomb Title" in Sterling Heights and also "Chirco Title" in Saint Clair Shores a lot. I have been very pleased with both of them so far.
As far as locations Hazel Park and Madison Heights are good. Depending on your strategy there are a lot of areas that have very good investment opportunities.
For mid priced flips: Sterling Heights, Chesterfield, Saint Clair Shores, Northern part of Warren, Ferndale and more
Higher-end flips: Royal Oak, parts of Berkley, Troy, Birmingham, Bloomfield, Rochester.
High cashflow rentals: Roseville, Eastpointe, St Clair Shores (if find good deals), Warren.
Depending on your strategy, goals, expectations, and team there are a lot of great investments to acquire in the Detroit area. I wish you the best of luck!