What's up with Michigan...

[Britt Smith]

I've been reading that certain cities/suburbs of Michigan are growing. 

What is your take? 

[Joe Hammel]

@Britt Smith

Yep we have quite a few markets that have 20% annual appreciation for the past 10 years. I can send data.

My whole portfolio is here cashflowing $300+ per door in good locations.

Purchase: $80k-$130k

Rent: $1200-$1500

ROI: Double Digit

Cash flow: couple hundred/month

Appreciation: Double digit (for past 10 years, will gladly send data)

Location: C, B- (suburbs and certain markets)

We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare and Auto industries.

The bad reputation comes from OOS investors wanting $20k D market properties.

Investors can retire (FIRE) in a few years with these.

We love them.