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.