Detroit (Bagley) single family resident

[Willy Chow]

Investment Info:

Single-family residence buy & hold investment in Detroit.

Purchase price: $85,000
Cash invested: $25,000

3 bedroom SFR in Bagley area

What made you interested in investing in this type of deal?

Interested in investing out of state

How did you find this deal and how did you negotiate it?

Bigger Pockets member recommended

Lessons learned? Challenges?

Make sure to submit property inspection report to the property manager before attempting to find a tenant. Incurred unexpected expenses during house set up (stolen appliances) and lead paint removal after the tenant has already moved in.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

KW Realtor - Joe Hammel