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Updated almost 6 years ago on . Most recent reply

Vincent Patel's profile image
Vincent Patel's profile image
Vincent Patel
  • Member since May 10, 2018
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Vincent Patel's profile image
Vincent Patel's profile image
Vincent Patel
  • Member since May 10, 2018
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Vincent Patel
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Detroit Real Estate Forum

Detroit flipping market

Vincent Patel
Posted

Hi Detroit investors,

I am trying to assess Detroit market for flipping. Want to know whether flipping opportunities are there or not ? Better still if someone can share their recent flip story.

Detroit, Michigan
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Marcin Kuczynski's profile image
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Marcin Kuczynski
  • from Grosse Pointe, MI
  • Member since Jun 29, 2017
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Marcin Kuczynski's profile image
Marcin Kuczynski
  • from Grosse Pointe, MI
  • Member since Jun 29, 2017
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Marcin Kuczynski
  • Grosse Pointe, MI
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Marcin Kuczynski
  • Grosse Pointe, MI
Replied

You need to find the right neighborhoods.  There are pockets of Detroit that are receiving funding to develop connection throughways into downtown.  Taxes are still high from the Kwame days and individual income has not risen.  There are 18-26 year olds still moving in but mainly renting before leaving to start a family.  Are you from the area?  Why Detroit?

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