Buying rental homes in Detroit MI

[Harjot Gill]

I've been looking at homes in Detroit MI. 

Seems like prices are low, to me seems like it would be a good investment opportunity. Correct me if I'm wrong: Seems like most of Detroit's neighborhoods seem to be low income: which can be good investments, right?

I live in California, So I would have to hire a management company.

I'm curious about what your guys' thoughts about investing in rental property in this area.

[Lindsay Stewart]

Hi Harjot

From another outsider's point of view, I have found Detroit to be a great place for opportunities but also a place where you need to be really careful.  Due diligence is everything and having someone on the ground that can advise you (and that you trust!) is critical.

Good luck with it!  If I can help, reach out

Cheers

Lindsay