Investing in Detroit

[Account Closed]

If you have not seen in the media, heard on the radio or read in an article what is going on in Detroit and you are an investor, I am here to tell you my personal opinion and advice. First, I have clients from all over the world and to these people this market is a no-brainer. Where else can you purchase good, solid, Brick homes for 25K FREE and CLEAR. Silence. I want to educate those who have heard negative things and those that want to make money because that is the whole purpose of investing. I was born and raised in Detroit, MI so I know these areas very well. I have seen this market turn around and upside down, but I have NEVER seen what is going on now. It is amazing Detroit will be the city that makes Millionaires and as an investor you can't be afraid to make a move you NEED to make the move at the right time and the time is NOW! It is 3 simple steps

1. Build a relationship with a Realtor or someone with (boots on the ground) that KNOWS the market and has a passion for this. You want to deal with someone who cares and will look at your investment like their own, I am not the person trying to make a quick sell for the hell of it because regardless I will make money so that is not my objective. I see this as such a great opportunity for anyone who wants some leverage.

2. You must be ready to perform because the deals with a great ROI are available, If you have been burned it's because you didn't know what you were doing or did not have a good set of eyes advising you to make the right move. What I have noticed is investors will find a deal and not perform because they think themselves out of it. I know what a good deal is and I see them everyday but when I let you know you have to be ready. (Everybody wants, what everybody wants) so trust me I may get the news first but in a matter of minutes a deal can be gone.

3. Numbers, I am going to make this simple math for those that are new and may not understand all the terminology. If I KNOW there is a house currently on market for 185K and there is a rehab right down the street for 25K I think this would be a good investment. Why, you see the numbers. I buy a house for 25K put 25K into it and then sell it for 150K, that is the best fix and flip you can get, It's ridiculous! 

To sum it all up time, location and cost are the main things you need to consider. If you really want to make money in this market 20K and under is gone you will NOT see as good of a return If you have anywhere from 25-50K to play with in the right location, I can't tell you enough how good this is right now. 

Please View Chart

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