Los Angeles to Detroit give me your thoughts...

[Brittani Kathryn]

Back story: Originally from Detroit, moved to Los Angeles in 2014, moving back for personal family reasons and want to make the right move (no pun intended).

Looking to purchase a starter home that will be turned into the first home of our rental portfolio. Ideally I'd like to invest out of state in the future (a state a bit more landlord friendly with a higher ROI) but if I want to make a tactical purchase in Detroit/Metro Detroit where would you suggest... budget $250-270k financed.  

I'm thinking East English Village, Ferndale.. I love the University District but I don't know that much about it.. 

Thanks y'all! 

 

[Yoann Dorat]

@Brittani Kathryn I wouldn’t consider Michigan a “landlord friendly state” but compared to California I guess it is 😂.

If I understand your goals correctly I think you should stick with the class B areas in the suburbs, the city of Detroit is definitely uprising but there are still many issues especially if you’re out of state with a low risk tolerance.

Southeast Michigan is our home market so feel free to reach out if I can help you in any way!

Good luck,

Yoann