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Updated almost 4 years ago on . Most recent reply

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17
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Scott Kane
3
Votes |
17
Posts

Team Building in Michigan Market

Scott Kane
Posted

Hello BiggerPockets,

I am fairly early on in my investing journey and I was curious if anyone has had any recent activity or current experience in the Lower Peninsula of Michigan? I am originally from there and would be interested in finding a great team interested in that market!

I look forward to networking and prosperity in Real Estate.

Most Popular Reply

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235
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Courtney M.
  • Lake Elsinore, CA
300
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235
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Courtney M.
  • Lake Elsinore, CA
Replied

@Scott Kane

The "lower peninsula" is pretty massive so I'd recommend focusing on a market first, and then trying to find a broker/PM to help you out. I've invested in some of the suburbs of Detroit (Westland and Taylor) and they tend to be pretty decent cashflow cities. Other cities in the general area include Redford, Garden City, Wayne. These are all within Wayne County. I grew up in this general area and it's important to have the PM/broker team because there are good areas of cities, and bad areas of cities. 

I haven't personally looked at situations with backtaxes, I've set up searches on Zillow and will ask my broker about opportunities as I see them come in.

It's a good market but the most important component is your team!

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