Despite surprises and challenges, I transformed it into a move-in-ready home and sold it for $145,000.

This 1925 bungalow was a true challenge, needing a complete rehab from top to bottom.

But at current prices and interest rates, this will be very challenging unless you go to cheaper areas or nearby suburbs that are cheaper. 

That is smaller units built with higher density to make the numbers work for both buyers and builders.Adapting to these challenges isn’t easy, but it’s necessary to keep up with the market.What are your thoughts on how builders and developers can address affordability and supply issues. 

It’s a market with its own set of challenges, but it’s also packed with opportunities if you understand the nuances.Happy to help if anyone here has questions about Detroit investing or wants to explore what’s possible in the market.Looking forward to continuing our conversation, Mattin!

Challenges?

A potential challenge with a HELOCs is they are based on the current appraised value of your home, not the improved value, so you would need to make sure you have enough accessible equity.

@Ana Escudero Property insurance renewals have been challenging the past few years, but there’s some stability with carriers heading into 2025.

I’d love to hear from others who have navigated similar challenges or have insights on improving profitability in the short-term rental space.

It's laborious, messy - but it was far less damaging/challenging than the photos found on the internet...even with plastered walls.