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Updated over 3 years ago on . Most recent reply

User Stats

107
Posts
33
Votes
Brendon K.
  • Real Estate Agent
  • Los Angeles
33
Votes |
107
Posts

Ann Arbor looks pretty dead. How's the market out there?

Brendon K.
  • Real Estate Agent
  • Los Angeles
Posted
Not a lot of activity on these forums. I'll be moving out to the Dexter area in a few weeks looking for some single family flips. It feels like there might not be a lot of wholesaling activity going on there--? 

Most Popular Reply

User Stats

33
Posts
29
Votes
Rodolfo Goncalves
  • Ypsilanti, MI
29
Votes |
33
Posts
Rodolfo Goncalves
  • Ypsilanti, MI
Replied

Of course there will always be opportunities, but I personally don't even bother pursuing anything in Ann Arbor (mainly) / Dexter / Saline / Chelsea / Brighton / Whitmore Lake / South Lyon . Prices are over-inflated and the competition is watching the market like hawks. I also see a lot of people / companies with a lot of money buying these over-priced properties for speculation. Since you mentioned wholesaling, I believe that the only feasible opportunities will come from off-market deals. I recently discussed the market situation with a few wholesalers and they told me there is not much going on. I am mainly focused in Wayne County now; no home-runs but a steady flow of inventory. Good luck with your move and settling in the area.

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