Curious to learn more about the Detroit market

[Matt B.]

Hello BP members,

Just interested to hear from some people who have more experience or had their own success (or failure) in the Detroit metro and northern suburbs area. 

I've had a brief look and everything appears to be either forclosed or at deep discounts

Because of this I'm not sure if their are a lot of buyers or renters. I spoke to a friend from the Detroit area, his words were

"metro area is pretty run-down and isn't always safe, but if you go north of it you can find some nice areas"

so, just trying to see what other investors or service providers think of the Detroit market

Thanks

[Keyonte Summers]

The Detroit market is great, but it makes or breaks investors if not done properly. Your buddy isn't that experienced if he says that about the entire metro area. Every investor in Detroit will tell you that it's area you stay away from and its area's that are hot. You have to know your neighborhoods and blocks. I have had decent success so far and know other investors that are doing great. If you aren't finding deal could be you don't have the proper contacts or apart of the investor groups. I've had a few successful BRRRR's and had value's doubled , if you do your research that make the entire experience different.