All Forum Posts by: Christopher M.

I think the duplexes will appreciate better in the coming decade. That area is not extremely rough. I used to live in that area it is very up and coming.

@Tianyun Zhang

I am a big believer in multis over SFRs. And I really believe in downtown Ypsi. I see a ton of 'Ann Arbor people' being priced out of Ann Arbor and moving to Ypsi. Also newer is better.  

The down side is that the taxes are sky high. 

I would start with this podcast. Lots of great info, MI specific advice.

https://soundcloud.com/renegadedetroitinvestors/sets/renegade-detroit-wholesalers

@Marvin Ong I am a real estate agent in the Ann Arbor MI area. I'll shoot you a PM. 

Two turn-key Tenant occupied SFRs in Northern Detroit. Both are 3/1 1.5 Story houses.

20550 Ferguson is rented for $750, 19476 Bitlmore is rented for $595

We are asking $50k for the pair or $29k each.

Send all questions to [email protected]

Bitmore

Ferguson

@Austin Richey

I sent you a PM.

@Austin Richey

@Chris Barr

Great areas. Lot of growth potential. I am personally looking in these areas.

Are you local or from out of state?

@Apurva Sanghavi

It sounds like they bought property though the Land Bank auction. And as @Michael O. alluded to you would have to strike a deal with the Land Bank. They are notoriously hard to work with. 

If I were you I might just move along and find another deal.

@Tianyun Zhang

I can't speak for Saginaw. 

As for Belleville, rents for one bed rooms would max out around 700. I think the value of it would be between $360k and $420k. I think the asking price on this one is to high as well.

@Dorian Jones

The first question is why Detroit? Is it just because it's cheep? It isn't as cheep as people tend to think. 

If you are not local I would play "Follow the Billionaires".  Invest in the areas Dan Gilbert (the Quicken Loans guy), the Illich Family, and the Ford Family are investing. Those areas can be much more expensive than some out-of-towners expect.