I’ve been investing here since 2019, and while the numbers can look attractive on paper, the key is understanding the nuances of Detroit’s neighborhoods.There are definitely pockets that can yield the kind of returns you’re looking for, but you’ll want to be strategic about which neighborhoods you’re targeting.

The hard part was finding out where the tenant had gone so I could have him served papers by the constable.

You say the investor got the better of you in terms of gaining equity but the equity you thought you had was only paper equity and not equity that would be realized. 

You’ll also want a written agreement on the rent your LLC pays to your wife; it’s helpful for taxes and keeps things tidy on paper.

Logan Square, Pilsen, Avondale look and sound good on paper but that is where everyone is looking.

“Jeff do you send the letter and then a copy of your bank statement.”We both know that most proof of funds letters are not worth the paper they’re printed on, @Jay Hinrichs.

A property may look good on paper in terms of appreciation but might not generate enough cash flow to cover expenses and build long-term wealth.Not Having a Backup Plan:If something goes wrong in any phase, such as a longer vacancy period or higher renovation costs, it can disrupt the whole strategy.

It's harder than it seems on paper.

They want to just sign some papers for their 1031 exchange and be done with it.

I see many here on BP paying or about to way overpay, just because their realtor told them it was a great deal and looked great on paper.