Long-distance real estate investing in Detroit

[Raymond Hill]

Hello BiggerPockets family I wanted to know what everyone's experience has been in terms of long-distance investing in the Midwest. In particular, Detroit Michigan. I have an investor friend who is from there and is looking to invest in the 8 Mile, 7 mile, downtown area of Detroit Michigan.

he is looking to possibly do lease option offers for homeowners who are in pre-foreclosure. Wondering if anyone has any experience with this.

[Jabari Long]

@Raymond Hill I’m a native Detroiter and I am very active in the market. The lease option strategy that you mentioned could be effective if implemented properly. I’d be interested in hearing how your friend plans to approach it.