Just in the last 5 years the median price has doubled in Detroit (see below chart).

Nothing was completely destroyed, just in need of restoration which has begun on all units.Still nothing like what I am seeing in WNC / ETN - Hope everyone there is ok.

We've affectionately called this the "Sam's Club BRRRR," or "Justin B-BRRRR," as we're completing our "BRRRRs in Bulk" with many units at a time. ;) THE ASK: Do you happen to know of any good portfolio, bridge, and/or DSCR lenders, private or otherwise, that may be willing to work with such a scenario?

Talk to @Justin Capps - an exceptional broker in the area!

You will lose 1/2 that $20,000 just in closing costs.

I have underwritten probably 100+ new build locations just in our market in Columbus Ohio and the number are tight. 

We did use a high-grade vinyl plank flooring over the concrete floor down there, just in case, but years later we can say there have been no more water issues.We also plumbed in and installed a laundry room, purchasing twin pairs of coin-op Speed Queens.All of those renovations allowed us to go up-market a bit, from the prior $160/week to $180/week within the first few weeks on the incremental rehabbed units.

Thanks for the offer, Justine, I'll definitely keep it in mind!

Quote from @Justin D' Apolito: Hey everyone!

Was just in Morgantown this summer and it is definitely a solid pocket!