All Forum Posts by: Emilio Basa

Hi@Nick Rupcich. I agree with @Todd Douglas. Right now Detroit has a lot of inventory that is going fast! I'm a wholesaler in Oakland, Macomb and Wayne and there are parts of Detroit where the ARV is $85-$100K, but they're selling for $20-30K and sometimes lower. A lot of investors in Michigan stay away from Detroit, but all the out-of-state investors are picking them up like crazy.

But if you were in the suburbs anything in (248) area code like Troy, Rochester, Birmingham, Berkley, Ferndale and Royal oak are HOT. Almost too hot where your margins are smaller, but you'll be able to sell quick because it's so desirable. (586) area code is good too for starter homes in areas like Sterling Heights, Warren, Roseville and Eastpointe. I can't name every city, but that's a little intro. 

PM me and we can talk more. I'm a wholesaler and can give you a heads up on the good and bad areas. 

Welcome to BP @Nathan W. This is the best forum for networking, learning and getting excited! Make sure to get educated first and get a basic understanding of real estate investing through various courses and books first (also YouTube videos from experts in the field). A $25 book in REI will save you thousands!

If you want some advice on some good courses, send me a PM and I'll give you a heads up. 

Hi @Fred Langley - How about Centerline? I wholesaled a duplex there last year. Maybe Eastpointe as well? 

Hi @Andy Firestone - I'm a wholesaler in the area. What would you like to know? 

@Dany Namou I'm a wholesaler in the metro Detroit and the city of Detroit. I have portfolios ranging from 5 - 35 properties at a time. I'm looking for someone just like to you to spread the word out. Send me a PM. 

@Tim Geraghty - Detroit is picking up for sure. Portfolios are getting moved a lot. Infrastructure is getting better. If you're looking PM me. 

Hi@Mania Emami. I would say Detroit is definitely a great place to invest because the returns are great, but you have to be familiar with the area and know the ins and outs. Even in an area that is up-and-coming you still will have a street that is bad. You can also work with businesses that specialize in helping out of state owners. PM me and we can talk more. 

I found this image and I hope it is helpful for everyone...

Hi everyone,

I'm not sure is this will help or not, but I found this breakdown of Detroit neighborhoods. 

I have a guy who does hardwood floors, but he is pricey. Amazing work though and completely reliable. I'm glad to give him new business so anybody looking let me know.