Rental properties in Detroit
I am seeing good deals in Detroit that could cash flow in the current market. I’ve heard that Detroit is not a good place to invest as it is a city on the decline. Does anyone own rental properties in Detroit? Is it a good choice for investment?
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James Wise
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James Wise#4 All Forums Contributor
#4 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Detroit is very much like any other city in the Midwest. Cleveland, Baltimore, Toledo, Indy etc....You will see net population decreases in most of these areas but these are the areas where the prices are the lowest in the USA and come with rents that are very high when compared to the sales price. In real estate there is no perfect deal or perfect market. It's always a mix of pro's and con's.