Best Market to Invest - Metro Detroit

[Joe Hammel]

It seems like many are struggling to find cash flow. We are not. So just figured I'd share my portfolio. This portfolio makes me a lot of money each month and they really just aren't that hard to find. Buy $90-$135k, rent $1100-$1500, ROI double digit, cash flow triple digit. Keep buying.

Everything is in Metro Detroit Suburbs. 

All 1-1.5% deals.

Almost ALL of these were bought on the MLS

I completely avoid the purchase price of $10k-$40k disaster of houses that look like the 3% rules on paper. That's where the "Detroit" reputation comes from and the horror stories. I don't buy those lol. What I do buy is in solid, blue collar cities, landlord friendly (close enough), with crazy good price/rent ratios. Of course, you need to know what you're looking for, but we have that pretty refined at this point.

I'm still buying. That's why that last warren one is *. It's under contract right now. 

Obviously, these were bought during a time of 10-20% appreciation. So my ARVs are significantly higher and pricing today for a buy is closer towards the bottom such as a sfh for $120k. BUT*** Rents are also higher so the numbers work just as well. I also have my rehabs pretty refined, executing high roi items for low costs.

Still actively looking to buy the 2nd half of this year. This "buyer hesitation" has created great opportunity in the market for deals. Market rents are only going to go up in the future.

[Joe Hammel]

@Marshall Leipprandt

Thanks Marshall. This post was about my portfolio and I KNOW this market has what many are looking for and this IS the platform to share such and it’s encouraged to do so. (Many people thank me for sharing such intimate details when many other would hide/hoard such)

Since it sounds like you’re referencing my real estate team - We’ve closed 275 deals so far this year and we’ve had 100% 5 star reviews (many repeat clients who have built entire portfolios and even quit their full time W2 jobs because they’ve experienced the same thing that I’ve referenced above).

The Detroit area has been ranked as the #1 cash flowing market in the nation by multiple sources multiple times. So YES, it is easier and the “easiest” place to find “good deals” in the perspective of what most investors would consider such.

We don’t buy the cheapest properties and we do SO MUCH to talk to clients about DO’s and DONT’S for investing. Perhaps its the insane amount of support and resources we supply clients with that helps them find similar success.

I don’t find it right the assumptions and accusations you’re making of what I/we do and don’t do and that is why I’m standing so firm.

When you have the #1 (ranked by sources other than me) cash flowing market in the country, and someone who has refined the formula of success within - I stand behind it being fair to say that compared to everywhere else, it is much easier to find a “good deal”.