All Forum Posts by: Keyonte Summers

I just purchased this rental property and trying to figure out how to accept their rental payments. Have anybody used Cozy online features? I am skeptical in regards to direct deposit.

I am currently assisting someone with the sale of their home. It is in disrepair and would need significant rehab to be marketable but there are no liens and the ARV is $315,000. She has been transferred to a new living situation due to health reasons and can no longer pay both her mortgage and the monthly rent at the new place. A real estate agent in Detroit informed me that the home could not change hands if it was in default. I've never heard of this restriction. Can anyone point me in the direction of the foreclosure laws in Detroit? Or know any investors that might be interested in a flip opportunity?

Thanks!

Kirsten

Hi Guys !! - Has anyone in the BP Community invested in the Greater Detroit Area? I am a first time investor who has been doing a lot of research and was wondering what others thought about the Detroit market. 

I am aware that Detroit is sketchy but based on my research I found that there are a couple zip codes and streets that seem to be safe however wanted to know what others thought about Detroit. 

I am targeting houses that are 50 to 70K which are fully renovated and tenant occupied from day 1. Is it realistic to expect this in the Detroit area?

I would love to hear and learn from people who previously invested there and more importantly would they do it again if the right opportunity came to them ? 

Also what turnkey company did you decide to go with and why ? 

Thanks