All Forum Posts by: Alvin Neal

Check out this link.

http://www.therealtytour.com/Business-Partners

@Georges Arnaout

Yes you are correct about investors entering the market for a quick flip and losing their money and selling at a loss. A slow nickel will beat a fast dime everytime. The reason for this is that most areas of Detroit is not flipping. It is mostly a buy and hold market. Those early flippers were probably excited by how cheap the houses were and didnt do any due dilligence as to where they were buying. There are actually some stable neighborhoods with some good people living there. If your not from here it sounds like the whole city is under siege. This is a classic example of a tale of two cities. It is the worst of times and the best of times. There are people selling crap houses sight unseen to out of state and international investors and running to the bank. Anywhere you buy is a high risk investment if you dont have the people or the right team working with you.

@George Wendt

The areas I would suggest to you in Detroit is in neighborhoods like Rosedale Park, University District, Boston Edison, Woodbridge, Midtown, Corktown, Sherwood Forest, Green Acres, East English Village, Indian Village, Grandmont and few othe r areas that border some of these areas. There are also some great suburbs in the metro detro that are cashflowing. Such as Westland, Livonia, Ferndale, Warren, Dearborn Heights, Garden City, Oak Park. It all depends on your level of investment as to what areas will be best for your budget.

Hey Robin, great question. Yes I would invest in Detroit. It would depend on what neighborhood you choose and if you're looking to hold or flip.

Hey Jake, good to meet you. I am a realtor in the Metro Detroit Area and I am looking to get my own investment properties as well.  I am definitely going to need a mortgage broker on my team or someone with some knowledge of loans. Look forward to networking with you. 

Hey George, you can try BNI-MI.com. It is a business networking site  there are some general contractors there that should be reputable. Hope that helps.

Hey Josh, Welcome to BP. I am a local realtor in the Metro Detroit Area. If you need any assistance locating properties let me know. You have definitely come to the right place to learn about Real Estate Investing.

Hey Nicholas,  Welcome to BP. I lived in Taylor for 6 years, great area. What are your main areas of focus?  Do you have a local Realtor to assist in your search.? If I can be of any help let me know? 

If anyone is interested in learning more about Detroit here is an article written in the New York Times yesteray.

http://www.nytimes.com/2014/07/13/magazine/the-post-post-apocalyptic-detroit.html?_r=0

Here's a Real Estate Attorney

Bob Hollander

Hope this helps.