Flint, Michigan Investors

[Shana Junior]

Hello, I am interested in buying rental property in Flint. My original thought is to purchase a home and rent to section 8 tenants. Has anyone had success with this? My plan B, was to purchase a home in need of repair. Do them and then sell. Any success? Eventually Flint property will increase. Thoughts?

[Michael Ventura]

Hi Roshan, the atmosphere is excellent for rentals in Flint. The water / pipe issues are still in play, but getting better each month. There are a lot of opportunities in the Flint area for multi family. Most people don't realize that Flint has a 65% rental population, meaning nearly 2/3 rds of the people living there are renting in some form. The ROI is pretty good as well.

Now, all that said, I would still be cautious, as it requires a certain knowledge of the area to get the best residential unit in the right neighborhood.   I'm also a full time real estate agent as well as investor.  Please let me know if I can help in any way!  Mike V