Looking for a lender for a 25-unit portfolio in Detroit, MI

[Dan Aharon]

I'm considering buying a 25-unit portfolio in Detroit, MI of houses - with value per unit starting at $30k and going up to $150k.

Has anyone had good experiences with a lender that can take a portfolio approach and offer a competitive rate?

[Drew Sygit]

There are some lenders here on BP, you can look up.

I'd be cautious about a $30k Detroit house. High probablitity of being in a Class D neighborhood. 

Make sure you have your own inspections done and find a good PMC to give you their opinion BEFORE you buy.

You might want to read our series about “How to Screen a PMC Better than a Tenant”, since selecting the wrong PMC is usually more harmful than selecting a bad tenant:

https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processes