@Isaac AgbolosooGood morning Isaac,I agree with you, sounds like mike is very well educated about Detroit’s market, and I enjoyed reading all the great information he provided.

Note that $210K from 2006 equals to $260K of today's money, adjusted for inflation.

congrats on getting started and as for education and wanting to learn more this is an awesome site where you can get a ton of information but you need to know what you're doing all this information can be an overload if you dont know exactly what you want to do in the game man !

With today's rates, I would say between 7%-8%.In terms of length of the loan term, it really just depends. 

On today’s show, we interview Melissa Johnson—house flipper extraordinaire and owner of the company Lead Propeller, a service that provides websites to help motivated sellers find real estate investors. 

Unless you are super experienced and have crazy deep pockets you may be in for a lot more education than you ever wanted.

@Peyton Leal My first comment will be Education. start there. in addition to that look at your financial situation to determine where you want and Can go..?

Come to find out today that the underwriter denied mortgage because their guidelines state gifts can't be used for investment properties which the mortgage officer should've known.

Today I went back to the apartment to check up on things and I noticed that the pay or quit notice that I put on a door had been removed so I know someone has been there inside but I do not know if it was him or maybe a friend of his that has access to the apartment.

I was there today and spent the rest of the day showing  @Rich McElaney  and two others some of my properties Regarding neighborhood, in Baltimore, that is one of the toughest questions to answer.