Detroit Land Trust BRRRR?

[Kari Rak]

Hello! 

I'm just starting to learn about rental investing, and this is my first post on the BP forums. I'm currently reading the BRRRR book and curious if anyone has experience using this method on Detroit Land Trust properties. I've delved into the stipulations of their purchases and watched some YouTube videos of Detroit contractors walking through some of their properties that have been purchased from the Land Trust. The price tag on the houses is nothing, but I'm curious what sort of all in costs this sort of property would incur. It seems like there are groups that are flipping them successfully, so I feel like there has to be a way to make it work, but curious if anyone has done it.