Originally posted by @Janann Chan:
Hi Friends in BP,
I am recommended to buy the following two properties in Detroit. I am not sure which one is better in terms of location. The price are similar with the second one a bit higher. Could you please give me some advice? Thanks so much!. /Jan
1350x Mettetal Street, Detroit, MI 48227 (Is this in Grandmont Rosedale?). This is single family home.
1800x Greenlawn Street , MI 48221 (Bagley). This is two family home.
Janann, are you currently teamed up with local rehabbers, property managers, brokers, and wholesalers to be investing in Detroit? I have seen previous post of you seeking opportunities here, but I am afraid you may be getting misguided with some information from someone wholesaling you on properties for a quick buck.
Again there are alot of factors to take in when you invest in Detroit, rather a good neighborhood or not, it may be a block by block case. Neighbors and locals tell me more than enough to make a viable investment decision.
I am pretty deep into the Bagley neighborhood, but dont know of any multi units on the block you specifically stated on Greenlawn. Prices vary significantly there, but it is a good upkept neighborhood. If the price is right you may have a good home, but lets not forget whats the situation inside the home with the tenant and the homes itself. Its takes a phone call for me to a local to find out the address of a "true" multi-unit on that block if it exist.
Please PM me i would like to help. I am not a wholesaler or anything, but would hate for you to get burned on a deal before getting started. I would like to know more of what your looking for here as well