Investor · Bellevue, WA · Member since 2016 · 21 posts · 9 votes
Hey guys - been looking into the Detroit market for multifamily (10+ units) and feels like you can still buy at a pretty health cap rate. Looking forward to really rolling up my sleeves and digging into the market and studying the neighborhoods.
Any pointers (places to look, places to avoid, market cycles, etc.) would be much appreciated!!
It's hard to tell easier to show I took out of state investors out to look around get a feel of what's going on its some good spots and bad ones but giving a zip code may not be enough for one street will be abandoned and the next street will be kept in really good condition that's what makes it tricky for out of state investors is knowing the market in ground level