Neighborhoods to Check Out

Neighborhoods to Check Out

Chicago, IL · Member since 2016 · 238 posts · 68 votes

Hey everyone. I'm a relatively new investor in my first property and I'm considering buying an additional property in Detroit, preferably a multi-unit. I plan on doing a ton of research on each area before deciding to invest out of state, but Detroit is an area that my wife and I have always liked and from what I can tell, some exciting revitalization seems to be happening. The thing that I don't know is how the neighborhoods compare to each other and where in the city we should start looking. I'm fine with C and up neighborhoods, but I'm looking for a place that I'd be okay with staying in while up there as well. (I typically have a rule that if I'm not willing to live there, I don't want to buy there.)

As a comparison, I live in a "sketchy" neighborhood called Little Village in Chicago that most people are wary of, but it's mostly immigrant families and pretty quiet as long as I don't join a gang any time soon. Thanks in advance!

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Property Manager · Metro Detroit, MI · Member since 2008 · 305 posts · 362 votes
9y

I target Westland/Wayne/Garden City/Redford areas. Safe blue collar/working class areas. Mostly middle class. Safe with little crime. Good numbers can be achieved with rentals. Turn key 70-100k houses can rent for 1000-1300 no problem.

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  • Investor · Tampa, FL · Member since 2015 · 175 posts · 75 votes
    9y

    Hey @Lucas Hammer

    We are a huge fan of the Detroit area. That said, with any investment there are good and poor opportunities block-to-block, house-to-house. It is really important to have a great team in the area. We specialize in turnkey investments and property management, so if you have any questions just let us know.

  • Property Manager · Metro Detroit, MI · Member since 2008 · 305 posts · 362 votes
    9y

    I target Westland/Wayne/Garden City/Redford areas. Safe blue collar/working class areas. Mostly middle class. Safe with little crime. Good numbers can be achieved with rentals. Turn key 70-100k houses can rent for 1000-1300 no problem.

  • Chicago, IL · Member since 2016 · 238 posts · 68 votes
    9y

    @Keith Jourdan Awesome, thanks! I'll take a look through those neighborhoods and see what comes up!

  • Realtor · Detroit, MI · Member since 2017 · 184 posts · 33 votes
    9y

    I have a package that I am trying to unload here in Detroit. One of them being a 9 pack of performing rentals.

  • Chicago, IL · Member since 2016 · 238 posts · 68 votes
    9y

    @Todd Douglas Thanks for the heads up. I'm not quite prepared to purchase any other properties, but I'm just trying to get my info together. I'll be reaching out if we decide to do more scouting in Detroit though!

  • Realtor · Detroit, MI · Member since 2017 · 184 posts · 33 votes
    9y

    Ok no problem.. my contact is on here

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