All Forum Posts by: Isaac A.

@Michaela G.

I will recommend using a property management software or a property manager . Tenant cloud is really good.. Also I don't buy in C/D class neighbourhood...simply because of these kinds of behaviours

@Daniel Wuerdinger. Welcome to BP. I work for ford Motors - Electrical Engineer and own rental units. Feel free to reach out .

Originally posted by @Jon W.:

I don't think any of my colleagues professional at Ford Motors/GM/Chrysler will like to live in Detroit inner city; probably downtown is ok but not a good investment option base on high cost. The issues on investing are overwhelming

(1) Lack of police presence(High Theft rate &Murder- break-ins and let me know if the police respond to your call on time or even do. Good luck if your appliances or tools are not stolen on a reno job.

(2). The quality of Tenants as I said previously is just low - High vacancy rate.

(3). High Taxes- Example, Pickup a 50K home, reno for, example say 30K.. you basically paying 75 mills - Do the maths and is it worth the extra headache listed in (1)/(2)?

(4). Income Tax: An additional income tax of 1.25% and honestly my colleagues do not want to relocate to Detroit for Work. They rather stay in Dearborn's office

(5). Schools system: D+.

(6). Crime: Just check Fox2 news to confirm

My best locations for immediate cash flow

- Dearborn/Dearborn heights/Allenpark/Warren/Ferndale/Livonia/ Royal Oak

My best location for Millenials(ages 0-21)

Typically if you want to buy a couple of homes for your minor child.Dont really care about cash flow - Probably Detroit will be the best fit

@Ralph Noack Detroit is a long term ROI. For immediate cash flow.. look into the suburbs. I personally will not buy in Detroit at this time

@Jon W. Detroit has not matured yet to invest. I live and work in Wayne county and I will not buy in Detroit at this time.

Issues like these does not encourage some people to invest in detroit

@Chad Harter

I work for ford Motors and invest around ford buildings and Beaumont hospital. Detroit itself is growing at a fast pace. Ford announced the upcoming full electric vehicles. We have expanded our engineering facilities to Detroit.

@Jordan L. Webster

I invest in metro Detroit

@Vic Oyedeji

I invest in Detroit Metro.. Mainly zip codes 48124/48101/48127. Within these zip codes, I do for us on specific location. Most of my properties in Detroit metro are around Ford Engineering buildings where I work and hospitals.

@Nicole Heasley. I like your post. I am in search for B/C class areas in Detroit metro