It's no guarantee but it's a good place to start.

This is not a great return, but not terrible.As others noted, there are other risks, like having the property insured at full replacement or purchase price, or if the option is 100% seller financing with no money down or very little, versus 20% traditional down payment, this can start to move it into a better investment.

Congrats on getting started.

Hoping to connect with fellow Canadians that have invested in Detroit and start making local connections too! 

I'm starting out doing redeemable tax deeds and going to auctions where everybody has "bigger pockets" than I do.

Are there other more creative ways to start cash flowing in year one Be careful because federal mortgage fraud and going to jail is a real thing.

The company I use, NREIG, just started writing again in some of the northern parishes, but aren't covering large multi-family and are requiring a minimum dollar amount per ft. sq. 

hey hunter, best of luck on your journey. make sure to go to all networking events in the area and possibly even starting your own to start building footprint in the area.

Keep the business, to make it easy for you to start your nextproject.O.

I'm looking to replicate that in Houston so I can start flipping in that market.