$100k, 3 Bed & Big Dreams: Help a Newbie Find the Sweet Spot

[Eyal Hevroni]

Hello BP community,

I am an experienced real estate investor from Israel and I am excited to venture into the Detroit market. I am planning to invest around $100,000 into my first Buy & Hold house within the next few weeks, ideally a 3-bedroom with at least 1,000 square feet. 

My goal is to build a substantial portfolio, aiming for two more houses by the end of the year and continuing.

As a newcomer to Detroit, I am seeking your insights on the best areas to invest in. I am particularly interested in neighborhoods with strong potential for growth, rental income, and community revitalization.

I am open to various possibilities and eager to hear your perspective on these and other up-and-coming areas. Any advice or insights would be greatly appreciated!

I look forward to hearing from you and thank you in advance for your help!

[Michael Smythe]

If you're looking to invest in the City of Detroit, you need to watch out for the sharks, trying to sell you Class D crap, misrepresenting it as Class B or C.

Many investors make the mistake of trying to invest by zip code in the City of Detroit. The reality is that investing in the City of Detroit should be done on a block-by-block basis. This does NOT work for out of area investors though. We've found the "happy medium" is researching which of the 173 NEIGHBORHOODS in the City of Detroit to invest in. We've got data on that if you're interested.

@Joe Hammel and the FIRE Team can assist you in avoiding getting taken advantage of and investing for success in Detroit.