Updated almost 2 years ago on . Most recent reply
Need help for Detroit investments
Hello all!
David here.
I've been looking at investing in short-term rentals for a few months, but I have turned my attention toward longer term. I need some help knowing the best locations and bouncing my potential addresses off someone familiar with the area. I'd also like to find local financing as well. Looking at some places in the $60k-$100k range. Would be interested in acquiring two that would get me about ~$600 cashflow per month to start out.
Lmk if you can help me.
Thanks a lot!
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#1 House Hacking Contributor
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- Metro Detroit
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#1 House Hacking Contributor
- Real Estate Agent
- Metro Detroit
We created a "Deep Dive" series here on our BiggerPockets blog about Metro Detroit cities, City of Detroit Neighborhoods and comparing Metro Detroit to other hotspots investors usually consider:
https://www.biggerpockets.com/member-blogs/3094/99854-deep-dive-into-metro-detroit-cities-ecorse
We're not aware of any other local property manager, agent, turnkey provider, flipper or wholesaler that's made the commitment to do this!
Our analysis is a template you can follow for any city, but doubt you'll find this much info for any other market in the US.
Please DM us any additional questions.
- Michael Smythe
