Foreign Investor Investing in Detroit. Advice Needed

[Tushar Shetty]

Hello,

             I am a foreign investor and don't have any knowledge about Detroit. I have shortlisted few good property agents and a good property management company. Property appreciation is second on my list, and first being "consistent" rental income. As this is my first property purchase in the US, I would like to know if buying a property in Detroit for the purpose of rental income a safe bet?

[Saul L.]

Hi Tushar,

Welcome to BP.

There are generally no completely "safe bets" in real estate, and definitely not in Detroit.

I suggest you do a search for Detroit in the forums and learn as much as you can.

Detroit is a very difficult and dangerous market to do long distance.

If you are looking for "safe bets" buy government bonds.