Detroit can be a fantastic market with strong cash flow and good appreciation potential, but it’s definitely a unique place with its own quirks.Starting with cash is a smart move, especially in Detroit, where local knowledge and relationships can make a huge difference.

You must use leverage with caution but with the right deal it can provide you a fantastic tool.

Worked fantastic with 1% fixed rate for 5 years, and 2,5% for the rest of the contract with variable rate. 

BiggerPockets is a fantastic resource.What's your biggest question or fear as you start your REI journey?

I've seen folks pick up single-family homes here for under $200K, add $20-30K in rehab, and refinance to pull out nearly all their capital.Indianapolis, IN: Indy is another fantastic market for first-time investors.

Joining BiggerPockets is a fantastic first step – it’s where so many great real estate journeys start.

The hard money lender I worked with was instrumental in closing quickly, and I partnered with a fantastic general contractor who helped me stay on track despite the challenges.

The hard money lender I worked with was instrumental in closing quickly, and I partnered with a fantastic general contractor who helped me stay on track despite the challenges.

I wouldn't be surprised if Boston required this type of "remote eco-mitigation." best regards,Chris That's fantastic!

This is fantastic information.