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10 January 2025 | 14 replies
It does sound like we have similar interests (and design styles), so we would love to connect!
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13 January 2025 | 16 replies
Quote from @Jules Aton: I started investing in my late 20s during early 90s in up and coming inner city neighborhoods.
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14 January 2025 | 19 replies
I also recommend buying in a B-class neighborhood so you can learn the ropes with an easier tenant class.
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10 January 2025 | 11 replies
But this comes with pockets of C/D neighborhoods, and higher potential for headaches; in addition, appreciation in these zips has probably maxed out for a while.
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15 January 2025 | 8 replies
I doubt many tech workers are located in that neighborhood.
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12 January 2025 | 4 replies
C & D neighborhoods in an around Cleveland would probably be what you want to do.
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13 January 2025 | 8 replies
I did that out of necessity with my first 2 houses and was able to buy in a nicer neighborhood than I could actually afford because they weren't updated.
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11 January 2025 | 15 replies
no one killed that we know of so far but several injuries and a few neighborhoods hit pretty badly.
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9 January 2025 | 10 replies
@Mattin Hosh first, most cities in Metro Detroit have some type of rental property inspection every 2-3 years.It's not really a big deal 99% of the time - especially for owners who are NOT slumlords:)Also, a quick Google search will show that several states/cities are passing/considering similar legislation.One of the biggest mistakes we see newer investors making is NOT properly understanding Neighborhood/Property/Tenant Classes and naively assuming that any rental they buy will deliver Class A results.Read our copy & paste thoughts below and DM us if you'd like to dicuss more about the Detroit market:)-------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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7 January 2025 | 2 replies
What’s your communication style and preferred level of involvement with this deal?