Updated over 5 years ago on . Most recent reply
Flint, Michigan Investors
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?
Most Popular Reply
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