Except instead of spending a fortune you’re building wealth.

The horror stories are people buying too cheap and buying bad houses.Lots of great opportunities in Metro Detroit.LogicalPM can manage.We just heavily recommend not buying the cheapest property or getting tricked by a wholesaler on a $15k “great opportunity”.Just buy the good stuff.Metro Detroit (my rental portfolio is here)Purchase: $80k-$130kRent: $1200-$1500ROI: 10-14%Cash flow: $250-$350/doorAppreciation: Double digit (for past 10 years, will gladly send data)Location: C+, B- (suburbs and certain markets)We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, mortgage, Amazon fulfillment, and more jobs.The bad reputation comes from OOS investors wanting $20k D market properties.

Fortunately BiggerPockets happens to have a book written by yours truly to assist with this knowledge.  

Jordan.. all you young Entrepreneurs need to be forming little co ops and buying dirt in the path of progress thats where fortunes are going to be made.. 

Fortunately, they were all small enough and I had a strong enough financial base that none of them wiped me out.

Thanks for asking.I am fortunate - but to make the story short, I had a GC in place already (they are also my Property Manager) and I've known the owner for over 10 yearsSo far the numbers have been favorable and we are looking forward to wrapping up shortly. 

I'll add go for more base hits not everything has to be a home run and you can make a fortune just getting on base.

I invest locally because I am fortunate to live in an affordable, thriving real estate market but I also have experience working with investors from out of state and even internationally.

If you sell the property for what you want but decide to be the bank, you can send up with a fortune even if the house did not turn out exactly the way you wanted.

Fortunately, the tenants that were occupying the unit I am moving into decided to move out before July 1.