Absolutely,I have a lot of clients working in Detroit and it has some great opportunities centered around 1-4 unit, affordable fixers that, with a little bit of work can become great cash flowing investments with lower annual tax and insurance costs.The downside is that you definitely have to know what you are doing as the good properties need some hefty work, and the market is pretty competitive.

Please share companies with competitive rates.

Simply, a percentage of the profits; so only AFTER the investors get their investment back + a “preferred” return of usually 6-8% annually.Here is how our equity (as opposed to our debt/loan/notes) syndications are set upwe as syndicators get a either a 3% broker fee or 3% acquisition fee at purchasewe get a management fee competitive with outside managementwe get 10% of gross rents as ASSET management feeonce investment is liquidated we receive 15% of proceeds ABOVE or AFTER investors receive their capital returned plus 10% annual calculated income including any distributions of earnings. 

there is a lot of competition - you're going to be up against both other low-budget operations and also high-budget, national operations. 

@Dave IveryI actually think it's pretty tough to get started right nowLow inventory, higher interest rates, and lots of competition for properties

si=d717286d4eb242cdAvoid Competition: He refused to go for deals that had a lot of competition.

I don't need the competition. 

They offer various loan terms and competitive interest rates.

I figured this was a great value add opportunity and a way to lock a property before competition comes in when/if rates drop.

Global demand will dip in 2024.