Updated about 3 years ago on . Most recent reply
Opportunities in Michigan
Hey all, currently reading Craig Curelop's House Hacking Strategy, articles, and listening to podcasts. As someone who doesn't know the markets too well in Michigan and even though the markets aren't too hot right now it hasn't stopped me from continuing my education and goal. Any agents or investors in the metro-detroit area have a place to start or have any tips/recommendations. I would like to talk or email with anyone. I'le be doing some research on the side but I thought I would get some feedback.
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The way I view Michigan in a macro sense is (a Rabbit jumping over a Mitten made up of):
D-Town proper-- Dangerous are with fixup areas inside the border. Lots of Vibe, and lots of old buildings and homes awaiting fixers. But you have to know where to be and where not to be to avoid personal danger.
Metro-Detroit--(outside D-Town Proper) Lots of Pro's in there touting this area, again you need to know the turf.
Eastern Michigan--above Metro Detroit. Up to Bay City. Not so hot due to not so many jobs coming in as western Mich.
Includes Flint (Crime), home of the Lead in the water issue, and Saginaw (less crime than Flint).
Central Michigan--around the Capital. It's the State Capital and a HUGE College.
Western Michigan--Has been the hot area for a while, but turns into "The Stix" above and below it. You need to know the turf.
Northern Michigan--Deer hunting, fishing, ducks. It's a water, winter wonderland, a sportsman's dream. Above Western and Eastern Michigan to Mackinac and the BIG Bridge.
The U.P.--So beautiful, waterfalls, tourist areas, and psudo Wisconsin.
And inside each of these areas will be cities and towns and within them will be NEIGHBORHOODS, class A, B C and D.
Knowing which neighborhoods are good for investing is a helpful thing.
Good Luck!
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