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Updated over 1 year ago on . Most recent reply
New Member Looking For Lower Entry Points
Hello Everyone,
About a year and a half ago I sold my rental property. I am now looking to get back into the market. I am considering investing $50 - 70k, preferably into a multi-unit property. I would say my risk tolerance is medium. Does anyone have any location recommendations? I currently live in Maryland but am willing to invest in other areas.
Thanks in advance!
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#5 Managing Your Property Contributor
- Property Manager
- Metro Detroit
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#5 Managing Your Property Contributor
- Property Manager
- Metro Detroit
@Terrell Harris check out what's happening in Detroit!
https://michiganchronicle.com/2024/01/03/major-developments-that-will-define-detroit-in-2024/
Just be careful you understand the Class of properties you are targeting and that you fully understand the corresponding pros and cons.
Many investors get burned when they buy a Class C or D property, thinking they will get Class A or B results.
Let us know how else we can help!
- Michael Smythe
